The Fred Report - Sector Review December 2013
We remain happy with our favorite overweight, XLI. Accumulation models on this and to a lesser extent IYW (Technology) are much better than the consumer sectors. This suggests that we could see a “tired consumer” spending less, with increased business spending, in the first part of 2014. Our under weights are a mixed bag. XLY (discretionary) remains a solid up chart, but with signs of internal weakness, while IYZ has weak accumulation models and a faltering chart.
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