The Fred Report - Mid Week Update April 20, 2016
The S&P and the Dow Industrials would be the only indexes to make new highs. Broader indexes like the Russel 2000 and New York Composite remain behind. Oil is also a bit stronger, but we have allowed a test of the $46-area into our calculations and should that occur and fail we would have concerns and look for a decline into June. Gold is a bigger concern, as GLD is failing to move through 120 and has overbought monthly FPO’s.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.