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5 Important Market Correlations: SP500, Euro, Gold, Crude Oil, & XLF

Tweet The following was from my twitter feed (to get live access, simply follow @adamsarhan) on 12.29.2011 1. @adamsarhan One of the strongest correlations remains: S&P500/ $XLF (financials ETF) = +97.5%! 2. @adamsarhan  Another very strong correlation is SP500/Crude Oil= +95.2%!  3. @adamsarhan However: Euro/Gold correlation remains very strong at nearly...
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Resistance Should Become Support

Market Outlook- Confirmed Rally: The major U.S. averages are back in a new confirmed rally and broke above resistance of their 6-week base. The benchmark S&P 500 index scored a proper FTD on Tuesday, October 18, 2011, i.e. Day 12, when it rallied over 2% on heavier volume than the...
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