The market felt pretty sluggish today overall, even as the financials were whacked once again. If that’s where you are invested, you felt pretty bad today. But if you are overweight energy and industrials, it was quite a different story.It is disheartening to see the resilience in oil prices. Each time they look like they are about to break lower, prices miraculously recover. And I worry that the longer prices hang around in this $130-137 trading range, the closer we are to an upside breakout over $140.I still think that the market is sufficiently oversold, and shou[...]
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[Source: The Money Blogs]
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