The GMI is 5 with a "?" The GMI-S rose to 44, with improvement in the QQQQ short term indicators. It is too early to tell if the Daily QQQQ Index has turned positive. The short term QQQQ trend is just too difficult to decipher. There were only 126 new 52 week highs in my universe of 4,000 stocks. However, 80% of the Nasdaq 100 stocks rose, but only 48-50% of the S&P 500 and Dow 30 stocks. Clearly this was a schizoid market. Only 56% of the IBD 100 stock list from 12/18 advanced. So the gain on Thursday was mainly in the large tech stocks in the Nasdaq 100 index. The leaders, RIMM, GOOG and AAPL all looked good, for a change. With the market trend so murky, I sold my QID with a loss and went to 100% cash. This is not the time for me to make large bets on the QQQQ trend.