The Fred Report - Weekly April 16, 2012
Stocks have completed what we believe is the first segment of a larger correction, and daily stochastics have declined into the buy area on most indexes and sectors. Should SPY penetrate 143 significantly, our expectation of more correction will be proved incorrect, and should SPY move significantly below 132 a more significant top is being formed. TLT should decline slightly this week, and this would set up a rally in TLT over the next two weeks.
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