The Fred Report - Monthly May 2015
SPY is now a trading range. The Dow Industrials had a negative quarter, which fulfills our forecast of a negative quarter in the first half but SPY was only marginally positive on the quarter and had a negative month. We have higher targets for 2015 especially if stocks can correct in the first half of the year. We continue to expect the market to get intermediate oversold before these higher targets are in play.
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