The Fred Report - Weekly February 6, 2012
The IJR has closed at an all-time high. This is significant because it continues the uptrend that has been in effect since the March 2009 lows. We expect SPY to challenge, and likely exceed, the 137 high made in 2011. Keep a wary eye on Europe, and note that we will move away from a bullish stance on the European ETFs should EWI move below 10.80.
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