You can thank these two men for today’s record highs…

Market Recap For Thursday, June 5th 2014

The European Central Bank President Mario Draghi helped lift the markets today, by lowering all 3 of its interest rates and enacting stimulus measures to help the Euro Zone. But the market enthusiasm was short lived.

By the time U.S. markets opened, most of the overnight gains had disappeared and stocks even traded in the red. But by late morning the markets were off to the races. The late morning surge was attributed to comments from hedge fund manager David Tepper who basically said his concerns about the market are no longer valid.

At the end of the day the S&P was at new all-time highs with a +12.5 point move to close at 1940.46. The DOW followed suit, up 99 points. The DOW ended the day with a new all-time high close at 16836.11.

Next hurdle, tomorrow’s jobs report at 8:30am ET.

Markets To Watch

Markets To Watch

After trading down almost -1.0% Crude Oil (CL) made a comeback and ended the day at 102.49, just .15 cents lower. But with today’s move we have a Power Crossover Method Sell Signal. We’ll wait to see if the signal is triggered in the next 3 trading days.

This Week’s Economic Calendar

This Week’s Economic Calendar

Real Time Economic Calendar provided by

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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