HGSI Doc Top Down Review 4.10.2016
Greetings and Welcome to This Week’s Market Review
I will be sitting on the edge of my seat Monday as Janet and the other Talking Feds get together for an emergency meeting. I have no idea of what to expect. The economy seems to be bouncing around but not taking off or tanking. the 10 year treasury notes yield is heading towards the 2009 lows and certainly are not predicting an emergency rate hike. How about the banks, they are the weakest performing group as you would expect in a low and falling rate environment. Maybe this is about the YEN strength and the surprising divergence between the Yen and the US markets?
Regardless all bets are off. Will we get a rate hike? Will we get negative rates? Will we see QE 4? With this group of Talking Feds does anyone really know?
The market appeared to stall this week as we approached resistance. Our leaders index also fell hard predicting market trouble ahead.
Join me as I turn off the news and take a look at what the charts are telling us. I am also formally announcing my South Florida Seminar on September 23 2016.
Have a great week and may the force of the market be on your side.