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The Fred Report - Sector Review October 2013

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Since the last sector review, SPY has continued to consolidate. At this writing, the SPY is less than two points from July’s close, which was less than a point from September’s close. Our belief that the first half of 2013 will be stronger than the second has been working so far. Things look a little better going into fall, but there are enough signs of weakness that we do not want to “throw caution to the winds”.

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