The Fed poured a ton of cash into the market on Thursday, and some of it found its way into stocks. The paydown of a large amount of long term Treasury bonds and intermediate term notes also left some investors holding cash, and facing a temporary shortage of longer term paper (See Fed Report). These factors helped to boost the market enough to turn short term indicators back to the buy side and to keep most cycles in trending mode. 13 week and 6 month cycle projections rose again, this time to 1460 on the 13 week cycle and 1475 on the 6 month cycle. A 13 week cycle high is due by Memorial Day. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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