Earlier today it appears the Shanghai Composite confirmed its rally. The index gained 1.7%. We await volume confirmation, which is critical, but already stock markets around the world are marching higher following their leader, as we expected they would.
This has been a difficult market for intermediate term traders to navigate but with many stocks holding up well in their uptrends and others already reasserting themselves in advance of today’s market move we believe it is critical to be invested in top tier names as they pass buy points.
We expect to discuss a number of these today on our companion blog.
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