False Alarm?

Market Recap For Wednesday, May 21st 2014

Up, Down, Up…Down? We’ve had a pretty choppy first half of the trading week, with stocks trading higher and erasing yesterday’s losses. The S&P was up 15.25 points today, while the DOW had triple digit gains, up 159 points.

Traders kept an eye on today’s FOMC Meeting Minutes release at 2pm ET today. But with no real surprises, the reaction to the release was hardly noticed.

With today’s move higher, the DIA Power Crossover Method Sell Signal, did NOT trigger. After today’s trading we have 2 indicators bearish and 1 indicator bullish, showing that the index is in a state of limbo.

Markets To Watch

Markets To Watch

Netflix (NFLX) announced that it will expand its streaming video service into Europe and traders liked the idea and drove the stock +5.09% higher.

After today’s gain the Power Crossover Method long position is up $35.19, just $3.53 from our Profit 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!

Like it? - Share it!

Leave a Reply 0 comments