The Fred Report - Monthly November 2010
The SPY has broken above the 114 resistance noted in the last report and is consolidating. The consensus opinion is that “gridlock is good” for the markets. We believe it is, but that in harder to sustain a new upleg, a sharp corrections is needed. This could occur soon after the midterm election. Should our scenario play out, next year should be good for equities.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.