HGSI Doc Top Down Review 9.07.2017
Greetings and Welcome to this week’s review.
The market closed the week on an up day which brought many of us into the green on what had been a very volatile week.
As the FED tightens and starts to withdraw easing the risk will increase. On Friday the strong and surprising Unemployment numbers gave new energy to the bulls and at least for one day suggested that the economy can support the withdrawal of the QE Punch Bowl..
For us the question must be whether this is a dead cat bounce or a new leg up on the market. Unfortunately, as we get deeper into the summer, the case for a rally becomes a little more suspect.
Please join me on my top down journey.
PS: I will be holding a live event adjacent to John Persons live program 11.20 – 12.02 as well as speaking alongside John. For the special offer for this weekend go to http://www.personsplanet.com/algo-trading.html or contact me at HGSIDoc@gmail.com