The Fred Report - Sector Review November 2013
Since the last sector review, SPY has advanced. Sentiment indicators continue weak. We were looking for a market correction in October, and moved our timing models to neutral as at the recent low we had corrected around half of our expected 7 – 12% pullback. In last month’s Sector Review we noted markets looked better going into fall but the October rally was a surprise and has made long-term indicators look worse.
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