The GMI is still at 6 although the more sensitive GMI-R has declined to 8. Still, there were 185 new highs in my universe of 4,000 stocks on Friday. The Worden T2108 Indicator is now at 76%, within neutral territory and down from the high of 84% last week. But only 41% of the Nasdaq 100 stocks had their MACD above their signal line, reflecting the weakness in tech stocks. Still, the SPY and QQQQ have closed above their 10 week averages for 10 weeks. During that time, the QQQQ increased +11%, QLD by +23% and TYH by +36%. The TYH beat all but 3 of the Nasdaq 100 stocks and QLD beat all but 12 of them. I repeatedly learn the virtue of just holding the QLD or TYH ETF’s rather than trying to find the few individual stocks that beat these amazing ultra ETF’s.