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.