The Fred Report - Weekly December 15, 2014

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The bottom line is that we should trade above 205 on SPY, say to 206 this week, and we would eliminate call positions on that move.  We have to watch to see if U.S. growth slows as worldwide growth slows.  we would view a move above $60/Bbl on oil as confirmation that the first bottom of the pattern has been made.



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