GMI: 5; 245 new highs; Buying QLD

The GMI remains at 5, and there were 245 new highs in my universe of 4,000 stocks.  Gmi0830_2 50-64% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Wednesday.  Wednesday was the ninth day  in the current QQQQ up-trend.  I am buying the QQQQ ultra ETF (QLD, see yesterday’s post) as the Nasdaq 100 stocks continue to establish an up-trend.  As this up-trend matures, I will add specific individual stocks.

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