HGSI DOC Top Down Review 8.10.2014

The hour is late.  Sorry for the delay but I had some technical issues on the road.


This week may separate the Bears from the Bulls.  We had a great close for the BULLs on Friday but the volume was low.  Will we take out Friday’s high and trot back up to the 50 days SMA for a test or do we take out Thursday’s lows and head to lower lows?


My guess is both.  From the short term we are oversold and may see a further bounce but from a longer term perspective I believe we are not out of the woods.  Forget what I think, join me and let’s take a look at what the market is telling us.


Have a great week.