Patience
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The Market Navigator remains defensive. The buy switch is off, but can flip on any day now with a follow through day.
A follow through day is a gain of 1.25% or more with volume greater than the previous day.
While we remain on the hunt for a follow through day, it is a good time to look at past market bottoms and how new rallies begin. In the video below I review follow through days, distribution and walk through the 1998 bottom.
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The content presented is for informational and educational purposes only. Nothing contained in this newsletter should be construed as financial advice or a recommendation to buy or sell any security. Please do your own due diligence or contact a licensed financial advisor as participating in the financial markets involves risk.