Stock Market Today With IBD As Market Plunges, Do This; Costco, Ensign, Johnson & Johnson Hold Up
Mar 27, 2026
They recap a steep market drop and which indexes hit weekly losses. They explain follow-through day rules and why the 200-day trend matters. They flag news-driven volatility, algorithmic reactions, and how to use weekly charts for historical context. They discuss sector pockets like energy and gold, trading rules for oil exposure, and highlight defensive names such as Costco, Ensign, and Johnson & Johnson.
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Wait For A Follow Through Day Before Reentering
- Wait for a follow-through day (rally day then observe four days and confirm another strong day) before treating the market as back in an uptrend.
- Use the follow-through low as a simple stop: a close below that day negates the signal.
Use A Moving Average Checklist For Gradual Buys
- Use a checklist after a follow-through: close above 21-day, then 50-day, then 200-day, with incremental buys as each moving-average close occurs.
- Prefer gradual entries: close above MA, then low above MA, then three consecutive lows above MA.
Tweets And Geopolitics Now Move Markets Faster
- Current market swings are extremely news- and tweet-driven, amplifying intraday moves and making technical signals less reliable in the short term.
- Geopolitical risk (oil/energy) is the main fundamental driver pushing volatility and constraining Fed action.