“The right word may be effective, but no word was ever as effective as a rightly timed pause.” – Mark Twain
We updated our Weely Outlook Video yesterday in an early Morning Call into London and there is not much to add. Moves are in play but we are going to have to deal with a lot of data on the calendar on top of headline risk with Yellen speaking and the Healthcare Bill/Vote… the market will need to find an excuse to let the technicals play out.
In terms of charts, as we have been discussing since recent high prints, don’t forget to keep an eye on how those monthly candles are shaping up.
If you are interested in attending a morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.