Federal Reserve Hints that Rate Hikes Might Slow Sends the Dow up over 600 points!
November 29, 2018
Chairman Powell's statement to the Economic Club of New York threw gasoline on the markets for an incredible gain in a single day of 618 points! The volatility in the markets remains and we have yet to see our technical indicators signal that we are in a positive bias. Our daily and weekly indicators say that we may have bottomed but we are still negatively biased. We continue to look for opportunities to get to a 300% return for the year but of course we can't be assured of any outcome. Thank you.