The Fred Report - Weekly March 8, 2021

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Friday’s reversal notwithstanding, we are seeing some signs of technical weakness that are resolving some of the overbought condition intermediate-term.  Friday’s action was encouraging and positive, but big up days/reversals in these sideways trends are often a sign that the decline is not over and can be retraced.  A move on TLT back above 140 would be strong at this juncture.



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