GMI declines to 5, GMI-R to 7.


The short term trend of the market continues to weaken.   The T2108 is at 82%, still near overbought territory.   Only 53% of the Nasdaq 100 stocks closed with their MACD above its signal line, down from   95% 10 days ago.   I have reduced some positions in my trading IRA as I wait for the next rally attempt.   The QQQQ short term up-trend reached 20 days on Monday.   I am waiting to see if options expiration or earnings release can drive the market higher.

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