Market Snapshot
Great one day improvement
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| Added more green |
Follow Through Day on S&P 500 Index
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| The dual purple dots show up when we have a Follow Through Day |
Chart View
S&P 500
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| Nice reversal on the 13th |
On 06/13/2013, Investor's Business Daily changed the status of the market to:
"Market in Confirmed Uptrend"
The market topped out on May 22nd. We had our first rally attempt on June 6th. After the first rally attempt we keep our powder dry until we get a confirmation that the institutions are ready to sustain a new rally. This confirmation comes in the form of a large daily advance on higher volume. We call this a Follow Through Day. It is our signal to begin adding positions.
"All successful rallies begin with a Follow Through Day, but now all Follow Through Days result in a successful rally."
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
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