The Fred Report - Mid Week Update April 13, 2011

View a Printer Friendly version of this page, allowing you to print the page.
Stocks have, so far, sold off this week, and while we still have targets of 135 on the SPY (SPDR S&P 500 Trust), our real concern is the market correction into May we have been forecasting may have begun a bit early.  We note that ETFs such as the MDY and IWM have broken down through short-term support, and these have been market leaders.  Should we decline into May the setup should be here that we have been looking for, for a strong move up in the second half of the year.  We will look to buy a move in DBC to the 28 – 30 area if we get a signal to do so.

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: