HGSI Doc Top Down Review 5.31.2021

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

First, Thanks for your service to those currently serving, have served and whose Parents, Grandparents, Siblings, and Children have served on this Memorial Day.

Last week the Growth Stocks Led as a risk-on week where most major indices were up, and the ARK ETFs led to the upside.

As I look forward, we are going into the dog days of Summer.   It would not surprise me to have a quick run to the upside, but as I mention in the video, I feel we are closer to the Top than a Bottom.  Thus some type of correction over the next few months might be around the corner.  As I demonstrate with the Cue Seasonality Tool, the major index ETFs are at best slightly negative for June.

Now we will trade the markets we have, not what I or any others think we might get.   We must be agile and not married to one direction or another.  Since we are in CHOP across most of the major indexes, it is also important to remember that CASH is a position.  There are times, in the markets, where it is easy to make money, this is not one of them.  I will continue to play the markets but in shorter time frame trades, more verticals instead of single long call positions, and tight stops.  

Have a great Holiday and Summer