The Fred Report - Weekly February 21, 2017

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The narrowest index is up the most, but there is not huge dispersion in the rest of the market. This quick look tends to confirm our view that a correction is possible, and we are set up defensively in models but will change that should the market pull back.  There is nothing in the energy charts suggesting excessive weakness or strength – Energy still looks like an equal weight to us for now.  One of the most interesting things to come out of our Global Accumulation Model analysis was a strong accumulation buy on EFA (iShares® MSCI EAFE Index Fund). This is the first such signal to come along in many years.



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