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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (49150)	2/1/2013 2:02:21 AM
From: Johnny Canuck	Respond to of 67745

Headwinds Remain as S&P 500 Nears Uncharted Territory As the S&P 500 hovers just 4.3% below its all-time high, challenges remain visible. A notable drop in consumer confidence occurred as the initial impact of the payroll tax cut expiration was felt by income earners. Sequester cuts are scheduled to go into effect in March, with the brunt of the impact to be absorbed by the defense sector. The debt ceiling issue has only been deferred rather than fixed. Japan's bold bid to weaken its currency and to inflate its economy is raising the risk of currency wars as other countries aim to support their exporters. Geopolitical issues are simmering, with conflicts in the Middle East starting to make headline waves (eg. Egypt, Israel/Syria/Iran) and North Korea toying with nuclear tests. Rising interest rates threaten to slow the housing recovery. Bullish sentiment, which is a contrarian indicator, is picking up noticeably.