Stocks make new highs, BUT…

Market Recap For Thursday, May 29th 2014

Stocks were higher today with the S&P making new all-time highs once again. At the end of the day the S&P was trading 10.25 points higher. The DOW added 66 points and is 17 points away from its all-time high close.

In spite of the upbeat market mood, today’s GDP revision came in worse than expected. According to the Department of Commerce, the economy declined -1.0% versus the previous increase of .1%. This is the worst number since the first quarter of 2011. In other words, the U.S. economy had the worst growth in 3 years and stocks are at all-time highs. Interesting…


Markets To Watch


Markets To Watch

Gold has made headlines with the recent move lower, dropping another $4 today.

In Session 51 How To Trade & Invest In Gold & Silver we shared how to find trading opportunities in metals. In the video we discuss the Gold Miners ETF (GDX) and how it’s a great way to trade moves in Gold.

It’s a little late to jump into the GDX move since the  Power Crossover Method target has already been hit, but it’s a perfect example of how to use the ETF to jump into some moves early. You can watch the archived video in the Rockwell Trading Club.


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