GMI: 6; GMI-S: 94

The GMI remains at 6, but the GMI-S fell 6, to 94. Gmi1018_1 This decline reflects the weakness in one of the short term indicators for the QQQQ. Only 44% of the Nasdaq 100 stocks advanced on Tuesday, compared with 56% of the S&P 500 stocks and 50% of the Dow 30 stocks.   46% of the IBD 100 list from 10/16 advanced.   There were 369 new yearly highs in my universe of 4,000 stocks. Tuesday was the 43rd day in the current QQQQ up-trend and the 10th week that it has closed above its 10 week average.

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