Short Term Update

Change in Trend (CIT)  

Short Term CIT forecast Update
The last forecast made stated "Today's sell off (May14th) was not at or lower than the May 7th and May 9th lows so far this month.  At this point the cycles should bottom this week and then have an upward bias into the end of May."

UPDATE - Well the next day, May15th, we took out the May 7th low and the mid month low forecasted worked out.  Now, the upward bias into the end of the month, in cycle terms, works out to be May 28th +/-

After May 28th, the next forecasted lows are June 13th & July 6th with a bounce in between. 

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.