GMI: 1; Trend still down

The GMI is still 1.  67-75% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Wednesday.  Wednesday was the 13th day in the QQQQ down-trend.  Gmi0314 There were 29 new highs and 142 new lows in my universe of 4,000 stocks.  Will Wednesday’s bounce hold?  No one knows.  The trend is down until it changes.


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