Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
In sum, a normal and expected pullback occurred in March. The long-term bull market remains in good health. The next few weeks should see a rally attempt back towards the S&P 500's all-time high.
In the low 2,400s we expect the markets will encounter headwinds and then correct more significantly. The recent pullback is an opportunity to purchase a small selection of stocks. The setting of stops to protect profits will be of increasing importance as the spring season progresses. "Sell in May and go away" for a short time may be a good strategy to consider in 2017.
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