GMI: 4; GMI-R: 8; 11th day of QQQQ up-trend; IBD 100 new highs

The GMI and GMI-R each rose 1.  There were only 37 new highs and 32 new lows in my universe of 4,000 stocks on Tuesday.  The QQQQ remains in a short term up-trend.  Since I identified this up-trend, the QQQQ has advanced 1.3%.  The QLD is up 2.9%, and 54% of the Nasdaq 100 stocks  have advanced.  Five stocks on the IBD 100 lists I monitor hit a new high on Tuesday:  GGB, COG, NVO, UPL and KOP.  I am holding positions in QLD and in a lot of stocks on which I have written April calls.

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