The Fred Report - Weekly January 3, 2011

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The stock market starts off the year in a precarious position, but this could change with a breadth and volume surge that moves the SPY above the 130 target area we have had since the end of last November.  We would accumulate bonds in this area, with emphasis on some of these international issues.  We expect energy stocks, as well as the commodity, to do reasonably well into mid to late January.

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