The Fred Report - Sector Review October 2013
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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