HGSI Doc Top Down Review 4.18.2021
Previously published earlier today, on the HGSI Community Forum. For earlier access to Dr. Scotts Top Down Review, please register at HGSI Community Forum.
Welcome to this week’s review.
The markets continue to grind higher as we move into the 2nd year of the Bull Market of the March 23, 2020 Bear Market Lows.
Interest rates fell on the week, and the market continues to move higher. This weekend I had the chance to watch the Chart Summit 2021 by www.AllStarCharts.com. I have a few screenshots included but also highly recommend you watch the presentations when available on Monday. Last year the Summit occurred just after the Bear Market low. I left last year’s Summit believing that we would have a great year, and frankly, based upon what I heard, I went all in and more. This year was also bullish. The sentiment suggested that we continue to move higher but with likely corrections along the way.
The next few weeks are going to be interesting. Earnings are on tap for many of the largest and widely held stocks in the next couple of weeks. Plus, we are just a few weeks away from May, not the strongest month of the year.
I hope you enjoy the video.