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 November 22, 2011

View a Printer Friendly version of this page, allowing you to print the page.
Stocks have failed at these levels and have done worse than expected – penetrating the 120 area on SPY.  Prices have moved down to oversold on daily indicators, but have just started to turn down on weekly indicators.  Our most likely scenario is the following, the market drops a bit more this week but basically goes dead and then we mount a rally attempt over the next couple of weeks into mid-December. 


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: