GMI: 6; AAPL and RIMM bounce

The GMI is still 6.   39% of the Nasdaq 100 stocks advanced on Wednesday, along with 50% of the S&P 500 stocks and 40% of the Dow 30 stocks. Gmi1213_1 There were 266 new 52 week highs in my universe of 4,000 stocks. 47% of the stocks on the IBD 100 list from 11/20 advanced and only 8 of them hit a new high.    Wednesday was the 82nd day in the QQQQ up-trend.   AAPL and RIMM appeared to bounce off of major moving averages on Wednesday, but GOOG continued to weaken.   This market has yet to tip its hand.

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