The Fred Report - Weekly July 12, 2010
While we are somewhat overbought short-term, this rally could continue after some consolidation (or simply continue without a pullback at the first part of this week), as weekly indicators are still, by and large, in buy territory. The TLT has now broken back below 100, and this move could take it back to 92 or even lower by this fall. The DBC and the CRB Index both have bottoming patterns suggesting a rally in commodities is going to occur.
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