The FRED Report

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The Fred Report - Weekly April 28, 2014

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We continue to expect a correction in the SPY similar to the one already experienced by the QQQ, into the middle to end of May.  TLT has rallied close to our target price range, BUT still may have a month to go in the time cycle.  We continue to believe the gold market has had a 50% retracement and is in the first stages of starting a new bull phase.

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