The markets had a nice move up last week, as we mentioned in our previous “Market in a Minute” that the markets were oversold on a short term basis and was either going to pop up or if it continued to get worse, would establish a downtrend. We don’t see anything in the near term to drive the markets up significantly from these levels with this recent advance. Oil and currency have been the fundamental negative factors bringing down earnings estimates significantly this year.

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Market in a Minute 2015-2-10