The Fred Report - Weekly July 17, 2017
We would expect that SPY will outperform QQQ into yearend, and believe we should see IWM, MDY, and IJR start to pick up the pace over the next month or so. Our GLD target for the year is 124 and that should be struck on this rally. While I am on vacation the next two weeks, we would expect UGA to hit 26 or higher, and USO to test 10.40. This should equal the following prices on our perpetual Crude Oil contract: above 47.40 targets 52.50.
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