The Fred Report - Weekly January 25, 2016

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SPY has a minimum target of 192, and assuming it can get through this area a test of 196 – 200 is possible. The important thing to realize is that failure at the lower levels implies a longer and deeper correction.  We believe a lot of money went into Bonds as a place to hide rather than long-term investing money, and this could crate volatility in this market over the next few months.



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