The Fred Report - Weekly October 23, 2017

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We continue to see evidence that the broad market is improving – New Highs/New Lows continues strong, and the weekly advance/decline line continued to make new highs. Breadth momentum indicators are near the tops of ranges but set up to move higher. Our oil forecast for the year has been for a move to 67 by yearend – which now seems to be a bit out of reach or too big a move. We still think the mid-60’s are possible.



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