GMI: 1; GMI-R: 1; 2nd day of QQQQ down-trend

The GMI and GMI-R are both 1.  There were 53 new highs and 123 new lows in my universe of 4,000 stocks on Wednesday.  I do not hold long positions during a QQQQ down-trend.  I do not fight the market trend.  The odds of success always increase when one trades consistent with the general market trend. Only 37% of the Nasdaq 100 stocks are now above their 30 day average. 

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