You don’t see this everyday…

Market Recap For Monday, June 2nd 2014

It was an unusual trading session today.  Traders waited for today’s ISM Manufacturing Index report at 10am ET and stocks initially sold off after a worse than expected number.

But the Institute for Supply Management had to revise its number TWICE during the trading day, saying that the they had applied “the wrong seasonal adjustment” to its data. The final number was better than expected and stocks ended the day slightly higher.

At the end of the day the S&P was only up 1.5 points, but enough for a new all-time high close. The DOW was up 26 points with new all-time highs as well.


Markets To Watch


Markets To Watch

Broadcom Corporation (BRCM) made headlines today with a +9.32% jump in the stock. The move was attributed to an announcement that the company would be exploring its cellular baseband business.

Traders watching the stock with the Power Crossover Method had an opportunity to buy this stock on 5/23/14 with a PowerX Buy Signal.


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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