GMI: 0; GMI-R: 4; More new highs than lows; IBD100 new highs

The GMI (General Market Index) remains at zero (out of 6) but the GMI-R rose to 4 (of 10).  All of the four very sensitive short term indicators I added to form the revised GMI are now positive.  Another up day will begin to raise the original GMI.  For the first time since February 27, there were more new highs than lows (55 vs. 35) in my universe of 4,000 stocks.  50% of the Nasdaq 100 stocks are now above their 30 day averages.  The Worden T2108 indicator is now at 46%, well out of bottoming territory.  Market tops usually occur when this indicator is around 80%.  Monday was the 55th day of the current QQQQ down-trend, which may be about to end. There were 10 stocks on the IBD100 lists I have monitored the past year that hit a new high on Monday:  LKQX, MA, PTNR, KEX, GEF, PCLN, GILD, AXYS, URBN, ISYS.  This list may contain one or more of the new market leaders should this rally last.

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