The FRED Report

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The Fred Report - Monthly March 2015

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SPY is having the short-term rally forecast in last month’s Monthly Review. While indicators suggest this short-term rally is not over, it does not look like a kick-off move to the upside is imminent. 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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