Firm Footing

The S&P 500 tells us it’s on firm footing while holding above its 50-day moving average. And strong it is after notching in high buy volume for a Follow Through Day last Friday. We’re hanging out the Green Flag for a buyer’s bias. That’s right, go ahead and buy those breakouts from top names. If we’re wrong we’ll haul them in and wait again for another day. That’s the game. Gain a dollar, lose a quarter.