The GMI still is on a Buy signal, but I am content to wait this market out. Note that HD had a green line break-out (GLB) to an all-time high last week. HD reports earnings this Tuesday.
Another bounce
With the put/call ratio still above 1, bearishness is high and the bounce is on. I am patiently waiting on the sidelines in cash. The GMI could go to Sell with a weak day Thursday.