This morning, Christine Lagarde, the boss of the International Monetary Fund, announced to the world that the Federal Reserve should hold off raising interest rates until 2016. I do not ever remember the head of the IMF ever saying anything like that before. So the question begets, is she trying to save her own skin by doing a classic political move and pointing the finger at somebody else, in this case Janet Yellen, head of the Federal Reserve? My advice on this, it's not going to be pretty and the IMF should take care of its own screw-ups (like Greece) before trying to fix the screw-ups in America. With that said, let's take a look at what's really going on in the marketplace today. I'm going to look at the major indices with the Trade Triangle technology, which by the way is totally nonpartisan and unbiased, and just goes with the flow. Here's what the Trade Triangle technology is saying right now. DOW, S&P 500, NASDAQ are all in strong upward trends with all of the Trade Triangles green and positive. Gold: All of the Trade Triangles are red, indicating a longer-term negative trend is in place. The weekly Trade Triangle turned red today at $1,180.31. Crude Oil: The longer-term trend is positive. Intermediate and short-term Trade Triangles are indicating that you should be short this commodity. Euro vs U.S Dollar: Both the weekly and monthly Trade Triangles are red indicating a negative trend. The daily Trade Triangle is green, indicating that you should be on the sidelines if you are short-term trader. The point I would like to make in today's post is that no one knows for sure exactly what is going to happen to the market, except the market. The market eventually gives up its secrets and tells you which way it wants to go. All you have to do as a trader is look for the signs and when they occur, that's the time to pull the trigger. The Trade Triangle technology is a tool that clearly helps you pull the trigger and put the odds of success in your corner.
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