Republic Risk: Mind the 20-Day

The S&P 500 is heading up - ready to test a key moving average and move back into the Green. The Fed speaks next week.

Dear Fellow Expat:

We’re a hard yellow but trending toward positive on the S&P 500 for the first time in two weeks. Right now, there’s acceleration in technology, cyclicals, and gold.

• Positive Sectors: Materials, Energy, Real Estate, Utilities, Communications, Financials

• Red Sectors: Cyclicals, Industrials, Technology

Things are looking up again heading into the Fed meeting. Might be a good few days - with FOMC Drift approaching. Just be aware of the 20-day and 50-day averages and note that this may be short-lived.

Happy trading,

Garrett