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Market Update

“You work hard for your money. We’ll work hard to protect it.”

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Positive

  2. Chaikin Money Flow (CMF)-Positive

  3. MACD- Positive

  4. Money Flow Index-MFI-Positive

More on the Market and the Economy:

The S&P 500 edged down on Friday, finishing the week with a .3% loss.


This week data will be released on small business optimism, retail sales, inflation, builder confidence, housing starts and the Fed’s FOMC meeting announcement.

The number of job openings rose to a record high in April, rising to 6.04 million, led by openings at hotels and restaurants. At the same time, hires slipped to 5.05 million, marking a one-year low.

The Atlanta Fed’s GDPNow forecast for second quarter growth dipped to 3% following the release of wholesale trade data.

The service sector expanded in April, as the ISM non-manufacturing index rose to 56.9. A measure of new orders dipped while a measure of employment rose.

Graduation spending was projected to hit a record high this year, rising to $5.6 billion, according to the National Retail Federation. Cash will be the most popular gift, followed by greeting cards and gift cards.

Source: National Retail Federation


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