Greater than 1% gains on the S&P, NYSE, and DOW, on solid volume make for a great day, but digging deeper reveals some flaws to yesterdays bounce. Most importantly, this is only one day. An upward trend of at least 4 days need to be 
established from yesterday's rally. Then another "big day" (what IBD calls a Follow-Thruough) is will be needed to validate the upward trend.
Other flaws to yesterdays action include declining issues outnumbering advancing on both the NYSE and NASDAQ, and weak action among market leaders, as measured by the IBD 100.
established from yesterday's rally. Then another "big day" (what IBD calls a Follow-Thruough) is will be needed to validate the upward trend.Other flaws to yesterdays action include declining issues outnumbering advancing on both the NYSE and NASDAQ, and weak action among market leaders, as measured by the IBD 100.
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