GMI: 0; Indicators at lows

The GMI is still zero.  Only 8% of stocks in my universe of 4,000 are in a short term up trend.  This is the lowest percentage since last October and the lowest number I have recorded.  There were only 13 new yearly highs and 139 new lows.  Gmi0522 Only 23% of stocks closed above their 10 week averages.  Between 26-33% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Monday.  Only 13% of the IBD 100 stocks from last week advanced.  Only 12% of the Nasdaq 100 stocks closed above their 30 day averages.  This is not the time to be brave.   I am in cash or short.

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