Just a cautionary note. The model has registered four distribution days so far. Should we get a higher volume down day before Thursday's close on the NASDAQ Composite, that would be a fifth distribution day, and the model would go to a standby sell signal. In subsequent days, should the NASDAQ Composite trade below the low of that 5th distribution day, the model would issue a sell signal.
That said, experience has shown it is best not to preempt the model's signals, so until we get a sell signal, the model remains on a buy. As well, all stock purchases made recently should be reviewed and monitored carefully in light of this potentiality, and be prepared to act depending on your own risk tolerance and trading style.
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