The Fred Report - Weekly March 14, 2011
We remain with negative moving averages on all of the major indexes – the 5 day is below the 20 day, and that is one of our primary determinants of trend. Our concern remains that if the economy strengthens in the second half of 2011, rates will rise and then will end up here or a little higher at year end. We continue to expect at least a try at some weakness in oil as the weather warms up, before a strong summer driving rally later in this summer.
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