Wednesday, February 21, 2018

Stocks were headed higher today until the Fed Minutes were released hinting at the possibility of more interest rate hikes ahead. This sent stocks lower in a tough sell-off into the close.

Letís start off tonight with a look at the S&P 500 which did close back under the 50-day moving average.

TBA = Technical Buy Area

My short-term trading Oscillator closed tonight at plus 14 which leaves plenty of room for the market to move up or down completely unobstructed.

Now on to some stocks that have been leading the charge.

Defense stocks have been very strong though some rest is needed after many of these have snapped back near new highs.

Now on to a few Chinese stocks that I have been focusing on.

I look forward to seeing you in my chat room tomorrow and Friday and then back here Sunday night for an update on most leading stocks.

Daniel J. Zanger