The Fred Report - Monthly July 2012
Stocks corrected to our forecast area of 132 and resolved the overbought condition on most indicators. What should have been a strong buy pattern failed at 136, our first stopping point. This is a concern. The expected summer rally could end in the most significant decline of 2012, Unless the intermediate technicals are repaired soon. Sentiment indicators are starting to deteriorate and put/call indicators are showing some complacency – how the market reacts to the next intermediate overbought condition is important.
Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?
If you are already a subscriber, please login.
If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.
