GMI: 1; GMI-S: 0

The GMI remains at one.  Only 35-40% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 stock indexes rose on Wednesday.  There were only 49 new highs in my universe of 4,000 stocks and 31 new lows.  Only 11% of these stocks are in a short term uptrend and only 34% closed above their 10 week averages.  Gmi0307_1 The QQQQ and SPY are in their second week below their 10 week averages.  The QQQQ down trend is in its 7th day.  I am mainly in cash and looking for shorts.

See my disclaimers at the bottom of my prior post.

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