The Markets surprise move!

The stock market indexes made an impulsive move up today. As we always warn, no one actually know where the markets will go on a day to day basis. We are in a bear market and volatile moves in the opposite direction do happen frequently. Can you make money on these moves? Only if you are a day trader! This may last for a day or two, and then the downtrend will assert itself again. It will be interesting to see if the market follows through with the move. Stochastics and MACD still support the bear market thesis. For the intermediate term trader, it is painful to watch this kind of impulsive move but this is part of the trading game. Be patient and you will see the market move down again, and new lows made.