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Thursday, April 12, 2012

quick thought... oil, industrials and materials

The market is seeing a nice broad base move, but the laggers are seeing the most appreciation.  I am thinking Alcoa scared a lot of the macro-economic bears that have caused the drag on oil, industrials and materials.

The charts of the laggers are still crappy, but they are definitely outperforming today.  Could be a bottoming process forming.

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