The Fred Report - Weekly July 31, 2023

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Stocks had a reversal day last Thursday, and we believe this is part of the short-term topping process we have been looking for.  We have been looking at the possibility of a move back down to the 420-area on SPY, and as part of that a move down to 135 on QQQM. If this pullback occurs, and we see those price levels, we would add money.

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