55% of US Stocks > 20 day moving average
52% of US Stocks > 50 day moving average
Market bias: neutral.
Predictability confidence: low.
It was a banner day for the markets as the Dow advanced 323 points (1.84%.) I had suspected a move to the upside, but I didn't foresee a two day rally of this magnitude. My entry parameters were not / have not been meet so I will not chase this rally. I will stay on the sidelines until I see an entry point with high predictability confidence. It may take a while, but I'm fine with that.