The Fred Report - Monthly February 2015

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SPY was down in December and January. While indicators suggest a short-term rally this does not look like a kick-off move to the upside. We have higher targets for 2015 especially if stocks can correct in the first half of the year. We expect at least one down quarter and believe it should be Q2 but a decent finish to 2015 is certainly possible, especially if we can get intermediate oversold.

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