TradeWinds for June 5th

Miss Market finally showed her hand today and right in line with what we have been saying the last couple of days. Yesterday we said this "... this market feels like any day could explode upwards or implode to the bear side. Its a little harder to make the case for bear side when the small and mid caps, along with the techs are hanging tough." And on Tuesday we said this "I think the odds are just as good that we will see a +200 day tomorrow as we might see a -200 day. If you are a gambler, then place your bet on red or black. I will be watching. Basically what I am saying is that we may be at a pivot point as early as tomorrow that either re-ignites our long move or shifts the market into a summer bear move." Pretty right on stuff, I bet some of your are paying for advice that is not as good as this.

Enough of the self-promotion. We were at a pivot point and Miss Market said lets keep going to the long side. That is pretty much the story. We don't try to come up with some wise acre explanation of why the market did this or that, because we know that is just the product of headline writers. We are trying to give some sound information for following the trends of the market.

As with all things with the market we don't celebrate and throw all our money in blindly. It looks good today, but tomorrow is another day. We should expect a little consolidation and then a steady move forward if the trend to the long side has indeed be re-established. We have seen it happen were a +200 day is followed by a -200. Our momentum indicators don't suggest that, but if it happens, we will be back to scratching our head.

So take a look at our Top 25 lists and TradeWinds BlackBox results and begin making you own planning for getting in on the long side.