Opportunity comes often. It knocks as often as you have a trained ear to hear it, an eye trained to see it, a hand trained to grasp it, and a head trained to use it. - Warren Buffet

                     The information contained herein is for educational purposes only.

Today, it looked like low-volume, end of quarter window dressing.

Today we had an upside reversal on good volume.

Today we had an upside reversal on good volume in Nasdaq and Russell. Dow and S&P closed a bit lower with small losses. What is worth noting is that in spite of all doom and gloom around us we had not set a lower low. 200dma is holding for now and the bulls are hoping it won't break. The market likes to surprise and a new trend often emerges when the majority least expect it, so it is worth staying alert and watchful for clues left by leading stocks and major indices.

Watching for clues.

Nice momentum than pullback and sideways consolidation. Today we got a break-out on high volume.

Notice!

IBD reported that follow-through days in June have had a poor record of success. According to IBD, in the past 10 years, June has delivered four follow-through days — 2001, 2006 and two in 2010. Every one of them failed. On May 31, the NASDAQ Composite flashed a follow-through day, but that too failed.

If you decide to trade now, keep positions small and stops tight until we get confirmation that the market has indeed bottomed.