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Facebook Flying High but January will be a Down Month for Stocks

TheStreet.com Videos 2:43 mins

Stocks are higher on Thursday but overall January will turn in negative performance for the month. They say "so goes January, so goes the year." Mark Newton, Chief Technician at Greywolf Equities points out which sectors bucked the trend for the month and these could be the winners for the year. Facebook has moved up considerably this past year and Newton suggests the stock could pull back here as investors take some profits.

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