The GMI remains at 6. 
71% of the Nasdaq 100 stocks closed on Thursday above their 30 day averages, the largest percentage since February 22. It will be interesting to see how stocks react to earnings as they are released later this month.
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GMI: 6; GMI-S: 100
The GMI is back to 6 and the GMI-S is 100. 
The trend is up. See disclaimer at bottom of prior post.
GMI: 5; 78% of Nasdaq 100 stocks down since 2/22
The GMI is still 5, and the QQQQ is in its 
third day in its short term down-trend. Furthermore, the QQQQ, SPY and DIA index ETF’s have all closed below their 10 week averages. During such periods I am unlikely to make money by staying long. The 30 day average for the QQQQ has now completed a rounding top and is now declining. Since the Nasdaq 100 index reached its closing peak on February 22, that index has declined 4.16% and 78% of the Nasdaq 100 component stocks closed Friday below their close on 2/22; one half are down 5% or more from 2/22. Don’t fight the trend of the indexes–go with the odds.
