Last Summer with stocks falling and the bears saying the looming taper of asset purchases by the FED would lead to lower stock prices, the HI said what it has been saying since the lows in 2009 - its a great time to buy stocks.
With the $SPY struggling to hold $160 the HI said the looming reduction in asset purchases by the FED would not be a reason to sell. The HI said we'd close the year at or near record stock prices and over the $185 level on the $SPY.
At the end of 2013 the HI called for a pull back into the start of 2014.... and we had a pull back indeed.
The HI has been accurate about determining market direction both short and long term. Here we are at record stock prices - we ran the HI and will post what it is saying about stocks heading into the next few months. The report will be up later today.