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Ep 173: Ken Shreve: How To Buy Stocks With Bottoming Bases

Investing With IBD

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The Nasdaq Is in a Confirmed Uptrend but Under Pressure

We are in a confirmed uptrend but under pressure so just kind of to let people know with June 24th was the follow through day and that's when we switch to confirmed upt trend. While it was good to see the market you know really shake off bad news I mean we closed lower on Wednesday but again the Nasdaq did you know it paired a 2% intraday loss but basically break break evenso that's impressive showed that there are still some buyers out there. It is difficult listen we've all been in markets where you know the stock market serves up new buys on a silver platter and you're just wondering okay what am I going to buy there's a lot to choose

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