GMI: 5; Waiting for a +6

The GMI remains at +5 as 150 stocks in my universe hit a new high on Monday. 85% of the Nasdaq 100 stocks rose along with 78% of the S&P 500 stocks and 83% of the Dow 30 stocks.  Gmi0828 Monday was the seventh day of the current QQQQ up-trend.  The GMI-S is back to 94 and the GMI-L is at 63.  It looks like we are getting the routine rise in the last week of the month.  I remain long a few stocks and will wait to see whether this up-trend gets stronger.  There is plenty of time to jump on this train once the GMI turns +6.

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