The FRED Report

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The Fred Report - Weekly September 12, 2011

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We note that the Transports continue to act worse than the broad market, another concern, and the accumulation models on both the IYT and the SPY have gotten worse.  The dollar index has resistance in the 80, then 82, area and, given the position of the weekly stochastic, could test that area.  A dollar move could cause all of the commodities to trade down a bit.

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