The Fred Report - Mid Week Update January 20, 2010

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We expect stocks to ultimately break through, but would like to see a pullback here first to recharge the short-term indicators.  The Dollar looks higher, and commodities may trend lower.  The New High/New Low Indicator has hit new highs for the move off of the March lows, and has hit the highest level seen since the week of February 6, 2004.

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