The Fred Report - Weekly September 8, 2014
Stocks ended with a decent advance, coming ever closer to our target of 203 on SPY, and setting us up for an interesting week. By moving below our first level of 117, TLT has likely signaled the start of a trading range, and it came close enough to our target of 120 (high of this move is 119.43) that we quite possibly may have seen the high of this rally that began in October 2013.
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