It’s the “Janet Yellen Show” this week

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Market Recap For Sunday, May 4th 2014

The S&P was slightly lower Friday, on lower than normal trading volume. But it wasn’t enough to put a blemish on the week. Both the S&P and DOW ended the week approximately 1% higher.

The S&P was up 17.75 points while the DOW added 151 points. The 151 point weekly gain in the DOW was a new weekly all-time high close for the index.

So what’s in store for this week?

Federal Reserve chief Janet Yellen will head to Capitol Hill on Wednesday to answer questions about the health of America’s economy.

With earnings season winding down and only a few other economic reports on the horizon, Yellen’s testimony could move the markets.


Markets To Watch


Markets To Watch

Power Crossover Method Buy Signal in Tesla Motors (TSLA) caught our eye last week.

With a long signal at $208.17, TSLA has produced some great signals and trends during the year.

With earnings being released next week on 5/7/14, this signal isn’t for the faint of heart.


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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