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Here’s what happened to the DOW today…

April 30, 2014 Stock Market Update

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Market Recap For Wednesday, April 30th 2014

Today all eyes were on the Fed. With today’s FOMC Statement the Fed announced another $10 billion bond buyback and suggested that economic activity has picked up. However, without any real surprises or major wording changes in the statement, the markets hardly seemed to notice.

With the Fed Statement out of the way the markets slowly grind higher. Although it wasn’t an impressive move, it was enough for the DOW to finish the day with a new all-time high.

The DOW ended the session 45 points higher and is back in positive territory for the year.

The S&P ended the day up 5.5 points.

Markets To Watch

Markets To Watch

Today’s -1.66% sell-off in Crude Oil (CL) triggered a Power Crossover Method Sell Signal at 100.32. With a nice dip below the $100 a barrel mark, we’ll see  how far CL can move.

Using the Average Daily Range Power Crossover exits, we’re looking for a $97.04 target.

This Week’s Economic Calendar

This Week’s Economic Calendar

Real Time Economic Calendar provided by Investing.com.

Power Crossover Signals

Power Crossover Signals

The signals above are derived based on the rules of our Power Crossover Method.

Rockwell Trading Club - DVD 27: Power Crossover Strategy

Click here if you would like to learn more about the Power Crossover Method.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above. The past performance of any trading system or methodology is not necessarily indicative of future results. Have a great trading week!

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