The Fred Report - Weekly May 4, 2020

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Daily indicators such as the Stochastic are overbought and suggest some pullback is likely over the next couple of weeks.  We still see a quick decline to 260 – 255 on SPY as possible, as long as prices stay below 285 or so, on a closing basis.  Some of the constituents of DBA are starting to show some bottoming signs, mostly SOYB, WEAT, and COW.



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