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Daily Archives: January 6th, 2008

Market Forecast for Week of 1/7 (Part II): Sector Watch

XLF (financials) XLF continues to be weak. $26 is the next support if it doesn’t bounce back above $28. We need to see this sector finding a bottom if the broader market were to have sustainable strength. GLD/GDX (gold/gold miners) GLD continues to look very strong with room to go higher. GDX has just caught [...]