The Power Gauge Ratio remains flat from yesterday ahead of today's Fed minutes. With ADP reporting a better than expected jobs numbers, consensus for The BLS employment report Friday ticked up a tad, and the case for Fed tapering appears to be in tact. Industrials are rolling down from oversold and remain a solid out-pefrormer relative to the S&P Power Gauge ratio. That's where I'm looking for another bullish trend entry, assuming the market clears its current overbought conditions and doesn't break its uptrend. Patience will reward bullish traders. Wait for oversold buy-signals. Click for market conditions.
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