GMI: 6; SmallCap strength?

The GMI is still 6, as 50-55% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Thursday. Gmi1130_1 There were 327 new yearly highs in my universe of 4,000 stocks.  Interestingly, IJR (S&P 600 SmallCap ETF) showed a little strength on Thursday, causing the GMI-S to climb to 63.  As you probably know, small cap stocks are said to show strength around January.  Thursday was the 73rd day in the current QQQQ up-trend.


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