The market’s real reaction

Post-election were still in the camp that says Follow Through Days (FTD’s) give us increased odds of a sustained rally.

FTDs, for those who don’t know, are high volume days after a potential market low that suggest institutions are sponsoring the Long side of the market.

The fact that there was no heavy selling on today’s down day bodes well here.

But what we’ve been lacking is Leadership.

Hopefully by the end of the week we’ll have better sense of what the market’s real reaction to the new President will be…