The FRED Report

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The Fred Report - Monthly June 2011

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The SPY has declined, but not enough to give us the set up we wanted to insure a strong summer. Breadth indicators have improved, and sentiment indicators have remained negative. We have felt that the biggest opportunity of 2011 would be a buy signal after a May correction. While this could still occur, intermediate indicators are not as clear as we hoped to see at the end of May.


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