GMI:+6; watch market reaction to good earnings

The GMI stayed at +6 as stocks tread water.  41% of the Nasdaq 100 stocks rose on Monday along with 48% of S&P stocks and 53% of Dow 30 stocks.Gmi0410 There were minor changes in my indicators.  Monday was the tenth day of the QQQQ short term up trend (U-10). We need to wait to see whether the current weakness is just a pause or the start of a larger decline.  How stocks react to good earnings releases should help us to divine the market trend…..

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