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Daily Archives: November 2nd, 2008

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD, XLF

Sector Watch UUP (dollar)Last weekend, we were looking at UUP hitting some resistance between $27-$28.  On Monday, it got there and preceded to let off some steam.  It hit $26 on Thursday and jumped back up on Friday.  The chart still looks bullish, especially with UUP closing above the 10-day MA.  UUP could retest that $27-$28 [...]