The Fred Report - Monthly March 2014

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Stocks corrected some of the overbought condition in January, and February was up as forecast. Short term indicators are neutral but support more upside. Sentiment remains too bullish. Stocks are still not well positioned to withstand a negative surprise. We remain neutral in our stock portfolios with more firepower should we see another pullback. We still think SPY can trade at 203 or so in 2014.

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