The Fred Report - Weekly March 1, 2010
We actually have the indicator set up for a rally starting this week, or next week at the latest. Advisors should be positioning clients for an intermediate advance in this area, and use dips should we get them to increase exposure. On our trading list, CVX continues to look like a bottoming pattern and we are actively looking to add more oil stocks on this decline. It now looks as if, this week, the Euro should have a sharp rally against the Yen. Should the JOF trade 8.50 it would be on a short-term breakout that could test 10 or 11.
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