The Fred Report - Weekly November 6, 2023

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Accumulation models recovered somewhat but have not erased the technical damage done in October. Breadth and price oscillators have improved but some are still in a negative configuration.  One of the problems with last week’s trading was that several gaps occurred, and this week should see some pullback to fill these.  Since there is some possibility of Japanese government intervention to support the Yen, we will recommend EWJ for a trade into yearend.

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