In technical terms, the market followed through today, signaling a confirmed rally.
The major indices were all up more than 2% on significantly higher volume today, the fourth day of an attempted rally.
With record high volatility position sizing and risk management will be more important that ever. Patience is the order of the day. I did not make any purchases today, I do have one stock I'm watching closely and others on my watchlist - however I am in no rush and the market will need to get through the next few days without a distribution day for this rally to have a chance.
-Geoff
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