FOMC will hold off an interest rate hike until Sept 2015. Markets should bullish for a few months more. Keep your fingers crossed!
The Dow Transports looks to recover. A very nice cycle. Expect a bullish up swing. However dont expect it to be a great up swing with impending interest rate hikes.
The Risk on or off chart suggest that a few more months of strength to the risk on sectors (XLK, XLI, XLY). But note that the down cycle is due, in a few months.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
"Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics." ~ William D Gann
"Until an hour before the Devil fell, God thought him beautiful in Heaven." ~ Arthur Miller, "The Crucible" [Contrarian Investing]
"It's easier to fool people, than to convince them they have been fooled." ~ Mark Twain
"The minute you get away from the fundamentals - whether it's proper technique, work ethic, or mental preparation - the bottom can fall out of your game." ~ Basketball Legend Michael Jordan.
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." ~ Nobel Laureate for Economics Paul Samuelson
