GMI: 6?; GMI-S: 44; Long odds for going long

The GMI remained at 6, bearly (pun intended).  However, the GMI-S fell 31, to 44, as many of my short term indicators turned negative.  The QQQQ and IJR indicators are almost all negative.  Gmi0122 Another down day in  the QQQQ will turn my Daily QQQQ Index negative.  Still, there were 145 new 52 week highs in my universe of 4,000 stocks.  But only 17-25% of the stocks in the Nasdaq 100, S&P 500 and D0w 30 indexes rose on Monday.  The three market leaders, AAPL, GOOG and RIMM are pretty weak.  Also, the QQQQ is now below its 10 week average, a key indicator for me.  I rarely make money on the long side in growth stocks when this index is below its 10 week average.  So, the odds for going long are getting pretty long for me.  See my disclaimers at the end of my prior post.

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