HGSI Doc Top Down Review 5.19.2019

May 19, 2019Dr. Jeffrey ScottHGSI Blog, Home Page, Jeffrey Scott, News & Events

Greetings and Welcome to This Week’s Top Down Review

Once again we had a news driven market that actually got back close to Monday’s open before a late afternoon tweet-driven-sell-off led to sharp declines on Friday.

It is May and perhaps that alone may be a reason to sell. We have had Double Tops on ES and NQ and now the battle appears to be whether or not we can fight back to new highs or do we break down below the 200 Day SMA for something else.

As much as I am ready to go all in short on this market I also realize that if Trump tweets he had a good call with China then the market can go up just as fast as it dropped.

The nice thing about Technical Analysis, most of these issues are built into the charts already. So let take a look.

Jeffrey

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Dr. Jeffrey Scott is a private investor and educational affiliate for HGSI Investment Software LLC

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About the Author

Dr. Jeffrey A. Scott is a successful oncologist, serial entrepreneur, investor and HGSI Investment Software power user who leads HGSI's Webinar Series. He has been an active investor since the early 1990's. In addition to presenting to new HGSI users, Jeffrey also hosts a monthly online advanced users group. Jeffrey has used HGSI since its launch and was a user of its predecessor, Industry Monitors. He considers himself a swing trader but uses various strategies for different accounts. He also considers himself a top down investor, being influenced by market direction and group strength, perhaps more than individual stock characteristics. Following his entrepreneurial spirit, Dr. Scott left practice in 2003 and has since founded several companies in the healthcare space.

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HGSI Doc Top Down Review 5.19.2019

HGSI Doc Top Down Review 5.19.2019

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