What to expect this week – and THANK YOU Berkshire Hathaway

Market Recap For Sunday, May 18th 2014

Stocks ended the week on a positive note, with the DOW up 45 points and the S&P up 7 points on Friday. But it wasn’t enough to push the major indices into positive territory for the week.

At the end of a light volume week the DOW was down 92 points and the S&P was essentially unchanged, down -.62.

With few scheduled reports and the Memorial Day Holiday on May 26th, the upcoming week isn’t expected to be too exciting. The 2 wild cards to keep an eye on are any unexpected surprises from the FOMC Minutes on Wednesday at 2pm ET, and any major developments out of the Ukraine.

Markets To Watch

Markets To Watch

After a Power Crossover Method buy signal in Verizon Communications (VZ) on 5/6/14, the stock meandered just below the Average Daily Range Profit Target.

But the stock jumped +2.31% on Friday after news that Berkshire Hathaway had established a new position in the stock during the 1st quarter.

With the reaction to the report the ADR target at $48.91 was hit.

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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