What is the Power Trend?

A power trend starts when these four things take place simultaneously on a major index:

1)The low is above the 21-day exponential moving average(EMA) for at least 10 days.

2) The 21-day EMA is above the 50-day simple moving average for at least five days.

3) The 50-day line is in an uptrend (one day is sufficient).

4) The market closes up for the day (Power Trend cannot start on a down day).

A power trend typically ends when the 21-day crosses back below the 50-day.

It is NOT a buy signal, FTD is the buy signal to get in the market

 It is a strategy designed to identify unusual strength in the market.