Quick Notes: HUGE gap and go rally today (what we call a Trend Day) with the Dow Jones gaining 1.76%, the SPX 1.4%, the Nasdaq 0.79%, and the IWM 2.1%. Also every single sector we follow closed up, so it was a broad based rally. As I stated on the weekend the market was extremely oversold with many indicators at extreme levels as the McClellan Oscillators had closed below their lower BB's 2 and 3 days in a row, odds favored some sort of bounce.
The US Dollar sold off -0.5% and TLT bonds sold off in concert. Most commodities were up today as well as precious metals. Cryto Currencies go absolutely hammered!
We have some great trade setups lately, this morning I posted GBR which rallied 70% today! We had plenty of other nice setups follow through and I added a handful of hew setups this evening.
Also two of the SPY reversion to mean systems went long on Friday and congrats to those of you who took the trade.