Sharp moves up puts all 3 major indexes into a bullish mode.
Has the uptrend resumed for sure?
Volume was a little tepid but there sure was a lot of buying taking place on Thursday and Friday. All 3 indexes closed above the downtrend line and near highs for the day – a good sign for trend reversal.
If you didn’t already you might want to consider tiptoeing back into the market with well-selected stocks from the top stocks or ETFs watchlists.
Also, keep an eye on the alert pages for early notification of profitable moves in both stocks and ETFs.