On SPY, a move above 273 would suggest that this rally is under way and should hit new highs. Our stop area on the downside remains 252. TLT is in an interesting position, as daily and weekly stochastics have both gone positive. This suggests a trading opportunity is available for those who want to buy this unit. It also suggests (perhaps more important to Fred Report subscribers) that rates are going to stabilize in this area for a while, and not just rocket up, as has been bandied about in the media.
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