The FRED Report

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The Fred Report - Sector Review January 2020

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SPY has continued the 2019 rally into January 2020, per our forecast. Breadth indicators have improved, but sentiment remains a concern. Small Cap has moved above the key 82 area on IJR, and there is an accumulation model buy signal on Transports. Our major trend system is positive at 3/1, with Small Cap being the only negative index.



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