We have been, and are using ONE CLOSE below 129.40 as our “stop” to suggest the likelihood of a summer rally to new SPY highs for the year is likely off the table.
Today’s market action has raised concerns, as SPY is flirting with the 130 area we have indicated should be a stop loss. What does this mean?
FREDAlert! December 27, 2011
We wanted to refine our list of Tax Loss bounce, or January Effect, candidates. A brief description of the January Effect rules we use follows.
FREDAlert! November 10, 2011
Given yesterday’s action, we have decided to publish a quick alert in advance of the call. Yesterday’s trading was a surprise to us, but has not turned us negative as of this writing. Further weakness could raise concerns, however.
FREDAlert! November 1, 2011
We are seeing a bit of market turbulence this morning. We think the following:
FREDAlert! October 4, 2011
This alert is meant as an addendum to the Monthly Review, as while that was in production the SPX (and SPY) have made the new price, and closing lows, forecast in early August, to complete the pattern and potentially forecast a rally of some magnitude.
FREDAlert! September 21, 2011
We have had a number of questions related specifically to our forecast of an 80% chance the SPY will make a new closing low for this move. The question is: has the market bottomed already, and should advisors become fully invested at these levels?
FREDAlert! August 23, 2011
We will take this opportunity to note that, once again, gold has hit our $1890/oz objective on the December 2011 contract and we recommend lightening positions still further.
FREDAlert! August 19, 2011
Given yesterday’s trading, we have had a number of questions that we want to address.
FREDAlert! August 11, 2011
We have had a number of questions we will answer in this alert.
FREDAlert! August 9, 2011
Given recent market action and questions we will write some notes as an alert to answer these.
FREDAlert! July 19, 2011
We have had numerous questions on Bank of America (BAC) and the financials. This is likely because of our recent note suggesting that trading below 9.45 would be a problem.
FREDAlert! August 12, 2010While we have failed at resistance, close examination of Wednesday’s trading indicates the market looks a bit better than it did at first glance.FREDAlert! May 07, 2010
We wanted to wait until after the open to put out a comment. Obviously yesterday’s action was peculiar, and because of trading glitches it is hard to see where the lows of the day actually were.
FREDAlert! May 06, 2010
We are seeing more volatility and decline than I expected, although the market has been at least declining into the timeframe we have been looking for to establish a tradable low.
FREDAlert! April 5, 2010We are going to add the following three stocks to our list as of today’s close: HAL, RRGB, and MOS.FREDAlert! March 31, 2010We will add Devon Energy Corp – Symbol: DVN to our list on the close today, per normal rules for the list.FREDAlert! March 4, 2010
We will add two stocks to our trading list as of the close today - MU and WYN.
