Market Recap For 26th June 2014 – It could have been a lot worse…

By Markus Heitkoetter

Stocks slide lower today, but it could have been a lot worse. After a morning sell-off, an afternoon recovery kept stocks near yesterday’s close.  The S&P ended the day down just -2 points and the DOW finished the session 21 points lower.

E-Mini S&P day traders had a beautiful Simple Strategy signal this morning. At one point the S&P was down more than 12 points.

From time to time we’re asked about a stock and how it looks with our Power Crossover Method. And we were asked recently about Lowe’s Companies, Inc. (LOW).

LOW has produced some nice signals in 2014, with 3 out of 4 trends resulting in an Average Daily Range Profit Target. Right now we have 2 indicators bullish, so we need to wait for all 3 to be bullish before considering a trend. We’ll keep LOW on our radar for now.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s