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Originally Posted by coolhand

A few days ago I said -

"...given NAAIM has not been bearish through any of this selling pressure may very well be an indication that a market recovery could come soon and has the potential to be explosive. I am not making predictions. I am just reading the technical and sentiment landscape as I see it."

I like to think I do a good job of capturing market action most of the time by using the smart money to frame my analysis. I know many of you find it well worth consideration

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Stocks jumped out of the gate yesterday after a long night of election punditry. The Dow gained another impressive 368-points, making it a huge 3-day rally for the market. The Nasdaq was a big winner as large tech dominated the day. There were some negatives with the fade into the close and some weak internal numbers which we will talk about below. Bonds rallied on a drop in yields.

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