HGSI Doc Top Down Review 8.06.2016
Greetings and Welcome To This Week’s Review.
We had an upside surprise on the monthly unemployment numbers on Friday which led to a very bullish end of the week. We are now in Buy mode on most of the major indices. The recent leaders in Consumer Staples and Utilities are rotating out and it will be interesting to see if Financials and Consumer Discretionary can pick up the mantle and take us higher.
The pundits are calling for a major correction. Yet, with AD Lines setting new highs, is a melt up in the cards before the inevitable swoon?
Let’s take a look at the markets.
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