HGSI DOC TOP DOWN REVIEW 5.10.2015
Welcome to this weeks Top Down Review.
We are stuck in a trading range but the range keeps narrowing. Friday we had a huge move off the bottom of the range and Monday could see up move up to the top. Until we break out above or breakdown below the range we are going to continue with short moves up and down. Not much in the way for trend followers as if you do not like the market, wait 2 days and you will be going the opposite direction. I have 2 seats left for my June meeting. Please email me at firstname.lastname@example.org for more information. I discuss the meeting a few minutes into the recording.
HAPPY MOTHERS Day to all.
PS: I may have confused some (even myself) with my China comments, the intent of China’s move this afternoon is clearly stimulus.