GMI: 4; GOOG weakens

The GMI fell to 4.  There were only 78 new highs in my universe of 4,000 stocks and a reduction in the number of successful 10 day new highs.  Only 32% of the Nasdaq 100 stocks rose on Tuesday, along with 40% of the S&P 500 stocks and 50% of the Dow 30 stocks.  Gmi0919 The QQQQ up-trend is intact and in its 22nd day…..

GOOG weakened on huge volume, after Yahoo’s news of a reduced sales  forecast.  GOOG is back below its declining trendline but is still in an up-trend. Wednesday’s action should provide clues to whether GOOG’s decline is just a temporary setback or the start of a meaningful decline.

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