By Markus Heitkoetter
Stocks ended the month of May on a high note, making new records in both the S&P and DOW. The S&P ended Friday up 3.5 points with a new all-time high of 1923.57. The DOW finished the week at 16717.17, up 19 points and a new all-time high close.
It definitely wasn’t a “sell in May and go away” type of trading environment. The S&P finished the month of May up +2.10%, and the DOW was up +.82% by month’s end.
Meanwhile the VIX or “Fear Index” is at lows of the year.
We love Chipotle Mexican Grill (CMG). But to be honest, we haven’t been keeping a close eye on the stock recently.
But after our Rockwell Trading Club session “Q&A For Experienced Traders”, we were asked to take a look at the stock. And it looks like CMG has been giving us some GREAT Power Crossover Method signals this year! It’s too late to get into this last move, but CMG will be on our radar for any upcoming trends.