I’m just going over my notes from last week’s Strategy Session. The Executive Summary was pretty bang on, as was the Goldman Sachs entry zone plus risk profile.
Let me explain exactly what my goal is with the Executive Summary. It takes every scheduled economic event, auction theory, rotations, or any other market influence and consolidates it down to 2-4 sentences. The striving for brevity means every word counts. There will always be written details to back my Executive Summary. But come on–your ADD addled brain got you to the top, why are we even wanting to challenge the mechanics of it today?
Anyhow, here’s last Sunday’s Executive Summary and Goldman chart:
If you enjoy the content at iBankCoin, please follow us on TwitterI. THESIS FOR THE WEEK
Bias score 2.55, Medium bear. Anticipate weakness early in the week—perhaps even some swift selling but look for an inflection point to form before Wednesday afternoon’s release of the Fed’s Bank Stress Test results. Look for strength in the US dollar to continue. Oil may be setting up to resume its downtrend.
Hope you enjoyed your break. FYI about 60% of total NQ volume shifted to the June contract on Friday.