GMI: 4; Waiting for a show of strength

The GMI fell to 4; only 61 new highs in my stock universe and only 10-18% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Wednesday.  The last time we saw numbers like this was July 11 and 12.  Gmi0906 The short term up-trend in the QQQQ is still intact and is in its thirteenth day.  Still, I am holding off accumulating any more stock until I see another strong up day.

Please send your comments to:

Leave a Reply

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