New month, new highs?

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Market Recap For Thursday, May 1st 2014

With the DOW near all-time highs and the S&P 6 points away from an all-time high close, U.S. equity markets are at a pivotal point.

Will the saying “sell in May and go away” hold true?

Or will a new month of trading attract more buyers, taking the major indices to new highs for the year?

With the first trading day of May behind us, those questions remain unanswered. U.S. markets were flat, but the low volume session could be explained by a major European holiday and traders waiting for tomorrow’s jobs report.

At the end of the day the S&P was essentially unchanged and the DOW was down 22 points.

Markets To Watch

Markets To Watch

After a big move in Crude Oil (CL) yesterday, a less volatile session is to be expected.

But the Power Crossover Method Sell Signal is still looking good with CL down another -32 cents. CL ended the day at $99.41 a barrel.

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

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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