GMI: 5; GMI-S: 69; 80th day of QQQQ up-trend

The GMI declined one, to 5, as there were only 96 stocks that hit a new high 10 days ago and closed higher on Monday than they closed 10 days ago. (I count 50% as positive for this indicator only if there were too few new highs 10 days earlier to achieve the required 100.) Gmi1211_1 50-56% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Monday.  There were 259 new 52 week highs in my universe of 4,000 stocks.  53% of the IBD 100 stocks published on 11/20 rose and 20 of them hit a 52 week high.  The GMI-S slipped 6, to 69, as one of the short term indicators for the IJR (S&P smallcap 600 ETF) turned negative. Monday was the 80th day of the current QQQQ up-trend.


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