The Fred Report - Weekly October 26, 2015

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We also hope the market can start to broaden out – if it does we should have a strong finish to 2015.  We are overbought and how the market can handle this condition will tell us a lot.  Oil and XLE have rallied over the course of the last month. This rally is likely over and traders should sell positions. Investors should note that while the easy money is over, there is still the possibility of advance, and we would hold this area as an equal weight.



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