For a day like yesterday you need to be positioned right

	Market Monitor
Type	Indicator	Value
Daily	# of Stocks Up >4% on high volume	985
Daily	# of stocks down >4% on high volume	62
Primary	# of stocks up >25% in a quarter	3363
Primary	# of stocks down >25% in a quarter	241
Secondary	#of stocks up >50% in a month	61
Secondary	#of stocks down >50% in a month	1
Secondary	#of stocks up >25% in a month	413
Secondary	#of stocks down >25% in a month	21
Primary fast	MM 34/13 +	2942
Primary Fast	MM 34/13 -	647

• Yesterday for a change there was a positive panic. By 11 AM I had received 42 emails from panicky members asking what should they do as many of there positions were up 10% plus and some were overall up for the day 10% plus. 
• In last 10 days  we have witnessed a burst of buying. There were only 2 negative breadth days in those last 10 days. So most of what  we bought during that period benefited from a surge in market.
• So a minor correction in the market was aggressively bought.
• The #of stocks up 25% plus  in a quarter has been steadily climbing. On signal confirmation day it was at 1726 and now it is at 3363.
• If you look at the trend on the primary indicator, it has not deteriorated at all. In fact more stocks keep breaking out and breadth keeps improving.
• That is why if you go back and see my Market Monitor daily posts for last few weeks, I have consistently maintained the stand that there is money to be made on long side.
• For a day like yesterday you need to be positioned right.
• Besides getting the market direction right, one must get the stock right. 
• All the methods we trade primarily find explosive stocks so such stocks make those 20%to 50% plus kind of explosive moves in few weeks or sometime days. 
• So what next continued...