The Fred Report - Weekly December 17, 2012
We continue to see more short-term topping signs than not and a break below 139 would tend to imply a test of the recent lows. For now, traders should likely be on the sidelines with bonds, while investors can still look at LQD and PGX as ways to increase income for clients. Starting to nibble at DBA in advance of next year (slowly, not full positions) looks advisable. Japan is starting to come out of a base.
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