Good Monday morning and welcome back. To be sure, this week’s meeting of Janet Yellen and her merry band of central bankers will be the focal point for the markets. In case you’ve been sleeping under a rock for the past month, note that the markets are expecting the Fed to raise rates on Wednesday. However, the key will be the statement that accompanies the announcement as well as the updated “dot plot,” which details what each FOMC member thinks about the future of interest rates. So while we wait, let’s review my key market models and indicators – to make sure we recognize what “is” happening in the market.
The State of the Trend
We start each week with a look at the “state of the trend” from our objective indicator panel. These indicators are designed to give us a feel for the overall health of the current short- and intermediate-term trend models.
Executive Summary:
The State of Internal Momentum
Now we turn to the momentum indicators…
Executive Summary:
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