The Fred Report - Weekly June 10, 2013
This Weekly Report could be titled “The Benchmark Issue”. As long as SPY remains above 160 the market can continue to advance. Below 160 could be a problem. Bonds and TLT tried, and failed to rally above 117, and as long as it remains below that TLT is vulnerable. GLD also tested a key level (137) and failed to break through, so more downside is possible here.
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