The GMI remains at 5 (of 6) but the longer term trend for the QQQQ has just turned up. The GMI did not move to 6 because one of its components turned negative (successful new high index). Nevertheless this market is starting to look strong. So many stocks that I follow or own are now moving up: NTAP, AAPL, APKT, PANL, VRX, ARMH, PPO, AMT, TTM, VIT, NFLX, GMCR. So I am accumulating QLD (the ultra long QQQQ ETF) and waiting to see if this new up-trend can hold. Just in case, I am wading in slowly.