Wednesday, March 25, 2015

Market to Yellen: Return To Sender

The Market Trend Model (http://bitly.com/M_Trend_Model) moved to a neutral bias today just one week after the blistering rally that occurred when Janet Yellen and the Federal Reserve appeared to become more dovish about the economy.  Last Wednesday's spectacular gains have been given back and the market is once again at a critical juncture where a trend change may occur.

Today's price action saw the Nasdaq (http://scharts.co/1EsTYwz) fail the 5,000 level in dramatic fashion as market volume expanded across the board.  And while the Nasdaq did make a higher high in last week's move, the S&P 500 (http://scharts.co/1LIQF6C) failed to make a higher high. 

At the moment the market is in a "no man's land" and further volatility is likely into the end of the week as the bulls and bears battle to control the market trend.