Short Term Cycles Update

Change in Trend (CIT) 

Short Term CIT forecast Update
The last forecast made stated the "next cycle turn appears to be around April 22-24 and probably a short term bottom".   Since the Cycle dates, now CIT, are always +/- in their time frame, April 25th falls in this window and on Friday there was a 15 point sell off in the S&P500 and a 140 point sell off in the DJIA.
Currently the next CIT appears to be a window of April 26th to May 1st and possibly a top with a probable sell off into mid May.  This is a possibility since the last couple a days of a month and the first couple of days of the subsequent month is usually a positive time frame.
"Yale Hirsch, publisher of the Stock Trader's Almanac, believes the growing awareness among investors of the monthly favorable period caused it to change, beginning in the mid-1980s. As more investors tried to get in ahead of this monthly rally, it had the effect of causing the rally to begin sooner. Hirsch says the pattern has been altered so that the new seasonality shifted to the last three trading days of any month and the first two of the next month."
For more on this see --->   http://www.cbn.com/finance/best-days-month-invest.aspx

There is no change in the Intermediate Term forecast
Intermediate term cycles are currently pointing down into July 2014 +/-.
So this may prevent some rallies from materializing, but if they do occur, some investors may take advantage of these rallies and sell into them. 
We continue to witness this type of action.

This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions. 

Past performance is not indicative of future results.