By Markus Heitkoetter
U.S. stock markets extended January’s losses on news that the Fed will cut stimulus by another $10 billion, the second reduction in two months. The S&P was down 18 points, losing 1%. The DOW dropped 190 points, the fourth triple digit down day for January.
Natural Gas (NG) was a big mover today. The commodity finished +8.68% higher, adding to a nice uptrend that began earlier this month. Although we didn’t trade Natural Gas, the Power Crossover Method did a great job identifying a long signal on January 22nd, and is up 19%+ since!