GMI: 0; GMI-R: 2; 42nd day of QQQQ short term down-trend; T2108: 5%; LPHI new high

There were 5 new highs and 145 new lows in my universe of 4,000 stocks on Wednesday.  The QQQQ short term down-trend continues, now in its 42nd day.  LPHI hit a new high on Wednesday, and is still showing unusual strength.  It also traded within  $0.24 of its all-time high. The major promising technical sign I found today was that about 60% of the NASDAQ 100 stocks and S&P500 stocks are now trading with their MACD above its signal lines.  This is a sign of underlying technical strength not seen since last August.  In contrast, on October 10th only 1% of stocks had  MACD's above their signal lines. I remain short and mainly in cash.

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