What is Carl Icahn up to?

Market Recap For Monday, June 9th 2014

The bears are just nowhere to be found these days…The S&P rallied to another new all-time high, ending the day 2 points higher. The S&P has traded higher in 11 out of the last 13 sessions.

The DOW made a new entry in the record books as well, ending the day 19 points higher with another record all-time high.


Markets To Watch


Markets To Watch

Dollar General (DG) got a big lift today after a regulatory filing showed a big purchase of Family Dollar (FDO) shares by Carl Icahn. Speculators believe that the purchase by Carl Icahn could lead to a merger between the two companies.

Traders watching both FDO and DG with the Power Crossover Method had a nice surprise today…following a Buy Signal on Friday June 6th, today’s +7.35% rally easily surpassed the Power Crossover Method ADR Profit Target in just 2 trading days.


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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