The Dow Jones is flexing its strength, continuing a sharp rebound that began in April. It’s now eyeing key resistance on the daily chart. Despite Monday’s rocky start—thanks to fresh tariff concerns and Fed speculation—the DOW remains the most resilient index. Rate cuts may not come this week, but traders are already looking ahead to the two cuts the Fed has hinted at for later this year.
-Frank

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NASDAQ: Signs of Strength, but Caution Remains
The NASDAQ has regained momentum, climbing back to a bullish score of +11 on the EdgeFinder after briefly dipping into neutral territory. This rebound suggests growing confidence, but it’s still a fragile rally.

Roughly a month ago, the market tried to turn a corner, only to fizzle out. Today’s FOMC announcement may determine whether this is a legitimate reversal—or another false start. The Fed now faces a balancing act: inflation has eased since the last rate hike, but corporate earnings and consumer data point to a weakening economy. A dovish shift from Powell could be just the spark the market needs to extend this rally.
-Frank

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Gold: Quick Surge, Mild Pullback
Gold (GLD) surged early this week, nearly reclaiming its all-time highs in just two trading sessions. But as equity markets tick higher this morning, gold is cooling off slightly—a typical sign of risk-on sentiment.

Investors will be listening closely for any hint that the Fed is leaning toward rate cuts later this year. If Powell acknowledges weakening growth while signaling more accommodative policy ahead, we could see renewed momentum in both equities and metals.
-Frank

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