GMI: 3; GMI-R: 5; Short term indicators positive

The GMI rose to 3 out of 6 and the GMI-R to 5 out of 10. There were 105 new highs on Tuesday in my universe of 4,000 stocks, the first time there wereGmi0226 more than 100 new highs since  December 26.  58% of the  Nasdaq 100 stocks  closed above their 10 week average.   The Worden T2108 indicator is now at 60%.  Nevertheless, the QQQQ and SPY  have now closed below their 10 week averages for 16 weeks, and these markets remain in a down-trend. However, the short term trend is strong, with the GMI-S at 88%, reflecting that 14 of 16 indicators for four index ETF’s are now positive. 


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