The FRED Report

Financial Research, Education & Data

The FRED Report is not authorized, endorsed or affiliated with the Federal Reserve of St Louis and its FRED Economic Data

The Fred Report - Mid Week Update March 24, 2010

View a Printer Friendly version of this page, allowing you to print the page.
Our first observation is that should the lows of this week be exceeded, we could expect a correction in the market.  Our second observation is that the SPX is getting very close to the 1200 area we have been discussing as resistance for some time and given the short-term overbought condition we are a bit cautious.  We have removed MU at our sell price of 10.45, our short-term target. 


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.

 

 

 

Who is Fred Meissner, CMT?
Listen here: