TRADING RANGE BUSTED! | CROUCH CONNECTION, AUG 2016

TRADING RANGE BUSTED! Our prediction for the continuation of the trading range in last month’s edition of the “Crouch Connection” didn’t take long to be proven wrong. We quoted Mike Gibbs, one of Raymond James’s resident market experts, saying “that it is difficult to make a case here for a significant move to the upside or to the downside”. The trading range between Dow 16,000 and 18,000 has now been breached and, as I sit down to write this edition, we find ourselves above 18,500. We also stated last month that, from here, it was “All About Earnings”, but to be honest, we haven’t really learned anything new from the second quarter earnings reports. With 82% of the quarterly earnings rep

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