The Fred Report - Weekly January 4, 2010
US stocks area short-term overbought, but the rally has broadened out, and we do not see the signs normally present at an intermediate top. We are long-term bond bears, believing rates will move higher in the next few years, but this looks like an opportunity to trade some bonds to the upside should advisors wish to do so. USO and UNG are overbought short-term and could decline over the next few weeks.
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