"If you don't like the market, just wait a day..."

There's an old saying in Houston about the weather.

It changes so quickly, so often, the saying is...

"If you don't like the weather, just wait a minute."

A slight exaggeration perhaps, but when the low temperature of one day is in the 30's and the next in the 60's, welll... the saying is not too far off.

And based on the stock market action of the past two days, you could say something very similar about that...

"If you don't like the market, just wait a day."

Indeed, after going into what looked like a panic-selling freefall yesterday, the stock market turned on a dime today and made most of the breathtaking losses back, on brisk volume.

The Dow recovered a tad over 279 points today, while the Nasdaq bounced 66 and change. Helping the market (along with the Tech sector) was surprisingly good results from market bellweather IBM. Its chart is a beauty, with an 11.51% pop to the upside out of a nice Bullish Kicker Gap. Volume was huge on the move. That may be the catalyst the market needs to get a sustained rally going.

Obviously, with the market in such a good mood today, I'm finding some fine charts this evening. That's the only "downside" of a good market day... there are so many great chart possibilities, it's hard to pick the "best" one to recommend! But I suppose that's a good problem to have.

And I think I've found a good one. It's a strong combination of an RSVP (Rare Spike on Volume and Price) and a MONSTAR (Morning Star on Steroids). That's a solid "1-2" punch, and more upside should be ahead for this stock, even though it was up over 32% today on huge volume. I'll name the stock for my Members tonight.