Technicals: The number one rule on “Wall Street”, don’t fight the Fed. Simply, when the Federal Reserve is tightening be careful, when the Fed is cutting rates, be bullish. As you know the Fed only raised rates once so far in March by .25%, in baseball terms, we are in the first inning. They are going to bring some serious heat in May as it sounds like they will be shrinking their balance sheet by $95 billion per month.