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Happy Monday! – Dow and S&P close at record highs

May 12, 2014 Stock Market Update

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Market Recap For Monday, May 12th 2014

Markets rallied despite the chaos in Ukraine. Over the weekend, pro-Russian rebels voted in favor of self-rule in Ukraine’s eastern regions. Western governments declared this referendum as illegal, and the European Union announced that it will increase sanctions to step up the pressure on Russia.

But none of this affected the markets today.

The Dow and S&P 500 closed at record highs Monday. The Dow jumped over 112 points, and the S&P 500 gained 18 points today.

Even the Nasdaq, which has been under pressure recently, closed 72 points (1.8%) higher.

Markets To Watch

Markets To Watch

With stocks rallying today, the VIX or “Fear Index” is testing lows of the year. Today’s 12.23 close is at a level that we haven’t seen since January. Some traders would say that “when the VIX is low it’s time to go”, since a volatility spike and sell-off could be lurking around the corner…in the meantime we’ll keep our eyes open and enjoy some of our Power Crossover long signals that have been working nicely. 😉

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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