Stock Market Today With IBD Stocks Up But Not An Uptrend Yet; Sandisk, Dell, Karman In Focus
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Mar 16, 2026 A market recap of Monday’s bounce and what it means for trend confirmation. Clear rules behind follow-through day and why today may not signal a sustained uptrend. Why Nasdaq strength masks breadth and index divergences. Hot stock setups: SanDisk’s breakout, Dell’s post-earnings handle, and a defense play in Karman. Crypto and oil moves that could sway sector momentum.
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Follow Through Day Basics And Today's Weak Confirmation
- Follow-through days aim to confirm a trend change by looking for a 1%+ gain with higher volume around day four of a rally attempt.
- Justin warns today's NASDAQ action lacked power: weak close, stayed inside Friday's range, and other indexes undercut their lows.
Use Small Probing Buys Not Full Commitments
- Start small with probing buys rather than fully committing when indexes give mixed signals and breadth is weak.
- Justin says he holds mostly cash and only two or three small positions while waiting for clearer market confirmation.
Buy Strength Not Weakness
- Buy stocks that held up during the pullback and show relative strength rather than battered names trying to recover.
- Alissa and Justin emphasize using RS lines and incremental entries (21-day then 50-day confirmations) per IBD rules.