GMI: 5?; 100% cash

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. Gmi0104_1 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.


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