It’s a mixed bag…

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Market Recap For Sunday, May 11th 2014

With the Fed willing to support the economy, and 76% of the companies in the S&P 500 beating earnings expectations, you’d think the markets would be celebrating. But this wasn’t necessarily the case this past week.

In spite of positive fundamental information, the S&P, NASDAQ and RUSSELL all ended the week in negative territory.

The DOW ended the week 70 points higher. Friday’s close gave the DOW a new all-time weekly close high at 16,583.34.

The DOW now joins the S&P in positive territory for the year.


Markets To Watch


Markets To Watch

As a rule of thumb, NEVER try to catch a falling knife. After a Power Crossover Method sell signal on 2/18/14, a chart of Groupon (GRPN) shows why.

This past week GRPN made headlines and continued its march lower, losing more than 20% after earnings. But has GRPN found a bottom? It’s too early to tell, but if we see Power Crossover Method indicators turn bullish in the next few weeks, GRPN could be a stock to keep an eye on.


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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