Searching for a Follow Through Day
The Market Navigator saw the buy switch turn off for the first time since March 29.
The current exposure count is 0. A follow through day is needed to turn the buy switch back on and increase the exposure count.
Day 1 of a new rally attempt was today 8/18/23. This means a follow through day could happen as early as Wednesday.
With the market going through a pullback, it is important to keep track of which stocks are showing relative strength, those tend to be the next big winners. In the video below I cover what relative strength is and three different ways to spot it.
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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.