GMI: +5; QQQQ weakens

The GMI declined one to +5, as the QQQQ weakened.  Tech stocks continue to underperform, with serious declines in some biotechs.  Gmi0502 53% of the Nasdaq 100 stocks advanced on Tuesday, compared with 65% of the S&P 500 stocks and 77% of the Dow 30 stocks. Still, 275 stocks hit new highs.  The GMI-S fell to 69, primarily because of weakness in the QQQQ’s short term indicators.  BBH and DNA continue to weaken.

Please send your comments to:

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.