The GMI is back to 6 and the GMI-S is now 100, indicating that all of the four short term indicators for each of four index ETF’s (DIA,SPY,QQQQ,IJR) are now positive. 56% of the Nasdaq 100 stocks rose on Thursday, along with 58% of the S&P 500 and 43% of the Dow 30 stocks. There were 369 new highs in my universe of 4,000 stocks. 65% of the Nasdaq 100 stocks are now above their 30 day averages. The QQQQ is now in its second day of a new up-trend. It may be time to wade into the QLD ultra QQQQ ETF again.