GMI: 1; In cash

The GMI remains at one.  Only 24-34% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes advanced on Thursday.  There were 54 new highs and 77 new lows in my universe of 4,000 stocks.  Only 43% of the stocks in my universe closed above their 10 week averages.  Gmi0301_2 The real reasons behind the markets plunge may be yet to be disclosed.  Time to stay in cash.


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