The Fred Report - Weekly January 24, 2011
Some volatility has returned to the stock market, but stocks closed square in the middle of our 130 – 126 range on the SPY, remaining in “no man’s land”. Our accumulation model is still etching out a pattern of higher lows vs. lower lows in price, which suggests an imminent bond rally. Oil is approaching the end of its seasonally favorable period and there are some signs a decline could be starting.
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