HGSI Doc Top Down Review 5.03.2015
Greetings and Welcome to this weeks’ Top Down Review.
As the trading range narrows we are going from top to bottom in just a matter of days. Last week we sold off at resistance once again and by Friday morning we were bouncing off support. At some point we will break this pattern but it remains to be seen whether we breakout to new highs or break lower to a deeper correction. Bonds and interest sensitive stocks were falling by week’s end while GILD led a one day recovery of Biotech and SWKS earnings helped drive semiconductors.
This week is a huge EPS week as well so let’s fasten our seat belt. Our meeting in S Florida June 27 – 29 is almost full but I have 3 spots left. If interested please reach out to me ASAP at firstname.lastname@example.org