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:

GL