The FRED Report

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The Fred Report - Weekly July 20, 2015

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As far as the general market is concerned – we continue to note signs of narrowing and await a breadth surge.  Should XLF break out of this resistance a move to 32 is possible. Within Financials, we continue to feel that big banks have the potential to make a big move in the second half.  GLD could fully test 100, and we will treat that as a buying opportunity.  The dollar has moved up a bit, and DXY could challenge the resistance at 100 again over the next week.



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