Breakout Week

A number of issues are coming into a time of reckoning.

  1. Stock Market technical signs point to this being an important time.  Early trading today point to a lower move starting, but everything is written in sand these days.  A trade and close over 2761.2 if it would occur on the S&P would put that move on hold for now.
  2. Washington is heating up, this may be the week when we find out whether Mueller will make Trump’s problems stick.
  3. The FED will meet and increase rates.
  4. At our 9:00 AM reading, the 30yr – 2 yr yield curve reading made a new low for the period since the stock market high on 1/25.

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