The FRED Report

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The Fred Report - Monthly February 2012

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Stocks have rallied out of the Inverse Head and Shoulders mentioned in last month’s report. It is not surprising to see overbought readings on some indicators as this occurs. Sentiment suggests a rally could carry further than people expect – a test of the 137 area highs on SPY is not out of the question, whether before or after a sharp short-term correction remains the question?


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