All eyes on the Fed this week

Market Recap For Sunday, June 15th 2014

It might have been Friday the 13th, but the bulls weren’t scared. The S&P was up 6 points on Friday while the DOW ended the session 42 points higher.

The weekly picture was a different story. The S&P ended the week down 13.25 points after making new all-time highs. This was the biggest weekly drop since the 2nd week of April. The DOW ended the week down 149 points.

The biggest thing on investors’ minds lately are interest rates. So all eyes will be on the FOMC meeting on Tuesday and Wednesday this week. Most investors expect rates to rise in 2015. An increase before that could rattle markets and send them sharply lower. But waiting too long to raise rates could cause bubbles.

It’s a tough call. Let’s see what happens this week.

Markets To Watch

Markets To Watch

We talked about the Market Vectors Gold Miners ETF (GDX) in Session 51 of our Rockwell Trading Club. On Friday we had a  Power Crossover Method Buy Signal with a push through $24.05.

Often times GDX shows a trend early, before Gold (GC) gives a confirmed signal. With only 2 of 3 indicators bullish in GC we’ll see if the rally in GDX is a prelude to a strong uptrend in Gold once again.

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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