The Fred Report - Weekly December 29, 2014
We are overweight financials in our sector models and are emphasizing big banks rather than small regional bank names, which we believe are over owned. We would buy emerging market (EM) related ETFs in this area but slowly, looking for a test of 42 on EEM and then another pullback. We would treat this as an accumulation chart for longer-term investors and a good trading chart for those so inclined.
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