The GMI is still 6 and the GMI-S is back to 100. There were 268 new yearly highs in my universe of 4,000 stocks. 
5% of the Nasdaq 100 and Dow 30 stocks advanced on Thursday, along with 46% of the S&P 500 stocks. 48% of the IBD 100 list from 10/16 advanced on Thursday.
Dr. Wish
GMI: 6; GMI-S: 94
The GMI remains at 6, but the GMI-S fell 6, to 94. 
This decline reflects the weakness in one of the short term indicators for the QQQQ. Only 44% of the Nasdaq 100 stocks advanced on Tuesday, compared with 56% of the S&P 500 stocks and 50% of the Dow 30 stocks. 46% of the IBD 100 list from 10/16 advanced. There were 369 new yearly highs in my universe of 4,000 stocks. Tuesday was the 43rd day in the current QQQQ up-trend and the 10th week that it has closed above its 10 week average.
GMI: 6; Cramer right?
The GMI is still 6, but few stocks rose on Tuesday. Only 14% of the Nasdaq 100 stocks rose, along with 32% of the S&P 500 and 40% of the Dow 30 stocks. Only 20% of the IBD 100 stocks from 10/16 rose. Tuesday was the 42nd day of the current QQQQ up-trend. 
Cramer may have again signaled the short term top with his bullish comments on the Today Show last week….
