GMI: 6; GMI-S: 100; IBD 100 stocks lag

The GMI remains at 6, and the GMI-S is at 100 for the first time since October 31.   Gmi1116_1 There were 426 new yearly highs in my universe of 4,000 stocks.   61% of the Nasdaq 100 stocks rose on Thursday, along with 71% of the S&P 500 and 73% of the Dow 30 stocks.   However, only 43% of the IBD 100 stocks from 10/16 advanced, suggesting some weakness in growth stocks.   Thursday was the 64th day (U-64) in the current QQQQ up-trend and the 14th weekly close above its 10 week average……..

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