The FRED Report

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The Fred Report - Mid Week Update January 9, 2013

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We hoped for a test of at least 143.50 (and still could see this), but indicators are suggesting at least a try for the upside from here, and a new high above 148 which looks possible from here.  The economically sensitive stocks such as small and mid-cap, plus the transports ( IYT) have suddenly started to outperform, with small and mid trading at all-time highs.

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