The Fred Report - Monthly February 2012
Stocks have rallied out of the Inverse Head and Shoulders mentioned in last month’s report. It is not surprising to see overbought readings on some indicators as this occurs. Sentiment suggests a rally could carry further than people expect – a test of the 137 area highs on SPY is not out of the question, whether before or after a sharp short-term correction remains the question?
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.