The Fred Report - Mid Week Update October 06, 2010
The SPY (SPDR S&P 500 Trust) has broken out above the resistance at 114 to 115. We continue to believe that the XLY (SPDR Select Sector Consumer Discretionary), and IYW (iShares Dow Jones US Technology Sector ETF) are leading sectors. We think that this rally is likely to be of sufficient magnitude that all sectors will participate – but the danger of underperformance through buying weakness rather than strength, especially at this time of year, is real.
Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?
If you are already a subscriber, please login.
If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.
