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Sunday, January 12, 2014

Market Thought... cautious

An air of complacency.

Vix near lows while market remains elevated. If the 14sma, on the daily SP500 chart above, is breached, low 1800s is the next level. If the Yen rallies, as indicated below (FXY), the 28 sma on the weekly SP500, highlighted in the chart below, is a possability.

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