Stock Market News Update – All Eyes On Fed Meeting Next Week
The Twiggs Money Flow looks weak on all the major indices but it’s not something to be too concerned about yet. We could see the money flow drop and volatility fall heading into next Wednesday’s Federal Reserve meeting where it is expected that rates will be hiked by a quarter point.
Looking at the Dow Jones Transportation weekly chart we see that its headed for a test of resistance at 9500. Transports still look very bullish which is a good sign for the US economy and stock market.