Dr. Wish

GMI: 6

@ 12:01 am

The GMI remains at 6.  48% of the Nasdaq 100 stocks, 45% of the S&P 500 stocks, but only 27% of the Dow 30 stocks rose on Thursday.  There were 327 new highs in Gmi0208_2my universe of 4,000 stocks. Thursday was the 5th day in the current QQQQ up-trend. 

See my disclaimers at the bottom of my prior post.

GMI:6; GMI-S: 94;

@ 12:01 am

The GMI held at 6 and the GMI-S rose to 94.  Gmi0207 79% of the Nasdaq 100 stocks rose on Wednesday, along with 60% of the S&P 500 and 43% of the Dow 30 stocks.  68% of the IBD 100 stocks from the list published on 2/5 advanced.  There were 477 new 52 week highs in my universe of 4,000 stocks, the largest number since 12/5, when there were 554.  Wednesday was the 4th day in the current QQQQ short term up-trend. 

Blogdisclaimer_9

GMI: 6; RATE climbs; CEPH–another cup with handle?

@ 12:01 am

The GMI is still 6. There were a healthy 379 new 52 week highs in my universe of 4,000 stocks. Gmi0206_1 44% of the Nasdaq 100 stocks advanced, along with 61% of the S&P 500 and 53% of the Dow 30 stocks.  Tuesday was  the third day (U-3) in the current QQQQ up-trend.   But its 10, 30 and 50 day averages are flat and almost identical.  RATE, the stock I discussed on Sunday evening,  broke out of a cup with handle formation on high volume on Tuesday. CEPH appears to be another cup with handle formation in the making, with a possible break out point of 78.40.

See my disclaimers in my prior post.