The Fred Report - Monthly November 2012
Stocks had the forecast summer rally, which was been weaker than average. September rallied as well, and SPY has tested 148 to 150-area resistance. Intermediate indicators remain weak, and most technical indicators suggest waning or negative momentum. The “QE3 Up Move” has been almost completely retraced, and the market continues to show waning momentum, a concern – but this could change.
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