HGSI Doc Top Down Review 4.19.2013
We jumped from support to resistance and fell back to support. Join me as I take a look at the market with my top down approach. This could be an interesting week as we have plenty of EPS news and a surprise Chinese move to lower bank reserves in an attempt to stimulate their economy. Of course this comes after last week when the Chinese reduced margin allowances which along with broken Bloomberg Terminals and the Greece crisis was enough to cause a market sell off from 6 am to 2PM. Of course the market did rally the last 2 hours helping to avoid a larger loss on the day and week,
Let’s take a look together at what this week may bring.
Please consider joining me at my upcoming meeting in S Florida, June 27-29. Info at: http://tinyurl.com/HGSIDOC-FL-Summit