Sunday, April 27, 2014

Apr 28, 2014 weekly outlook

Expected the market to show strength in the month of April.  While we saw some marginal new highs, it could hardly be called a strong market.  As of Friday's close SnP500 was less than 1% lower since March 31.  The NAZ showed more downside in April. 

This week should show some more weakness as we head into May.  I doubt the market will be positive for the month of April and should start May on a weak note.  The 8 month cycle should top in May which could spell a sluggish summer for the Market.

My best guess is May should be down, maybe a bit of a bounce in June and down in the Jul-Aug time frame.  This market has the same feel to it as late 2007 and 2008.  If true then I would expect a serious pullback to start by Oct of 2014 (and last over a year like 2008  into early 2009).

In review - we end April and start May on a weak note, here is a visual:


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