Stock Market Today With IBD Strong Day But Bad Week For Stocks; Uber, Alibaba, GE Aerospace In Focus
Mar 14, 2025
The podcast dives into Friday's market actions, showcasing a rare day of gains following a challenging week for major indices. The concept of 'follow-through days' is highlighted as a key market indicator that might signal reversals. Discussions around Uber's growth potential explore its stock setup, while Alibaba's recent performance prompts thoughts on safer ETF investments. Listeners also get insights into market volatility and the performance of GE Aerospace, emphasizing the need for strategic trading amid uncertainty.
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Follow-Through Day Strategy
- Use Bill O'Neill's follow-through day (FTD) strategy for market bottoms.
- Wait for a rally day, let its low hold, and buy on the 4th day or later if there's a significant uptrend.
FTD Count Reset
- The SPY and other indexes, except the NASDAQ, undercut their lows, resetting the FTD count.
- This makes the NASDAQ the only index eligible for a FTD on Monday.
Historical FTD Examples
- The December 2018 market provides a precedent for the current situation, where a follow-through day failed after a few days.
- The January 2019 market shows a classic bottoming pattern with three down waves before a successful FTD.