HGSI Doc Top Down Review 2.20.2021
Published earlier on the HGSI Community Forum. For earlier access subscribe at the HGSI Community Forum.
The holiday-shortened week started off Tuesday with a bang but then from the morning on sold off the rest of the week with most of the major indices besides the DJI trading off a few percentage points. For those of us that trade mostly growth stocks the week was a bit more painful but most of the growth-related indices were down only 1-2% This was one of the few weeks this year that growth lagged.
As we head into late Feb / March we enter a bit more challenging time in the market. Sideways consolidations or small pullbacks would not be surprising here. That said over the past months whenever the market signaled some weakness it quickly recovered and moved again to new highs.
Please join me on my Top Down Review where I will look at the major indices, industry groups and the leading stocks in the leading industries.