The Fred Report - Mid Week Update September 12, 2012
Stocks have been in a holding pattern awaiting the German Court Ruling and the FOMC announcement. Indicator patterns continue to suggest there is risk in this market, but we still have no sort of trending sell signal. Gold and gold stocks continue to be our favorite area for new money. We also note that TLT is becoming oversold, and should stocks drop this should rise - but better looking are LQD and PGX, which continue to trade better than treasuries.
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