The Fred Report - Weekly December 30, 2024

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Stocks closed on a short-term buy signal, suggesting the first week of January should be up – this might create some bullishness that would lead to problems on the next daily sell signal.  TLT has closed with a small daily buy signal via the chart pattern, as has LQD, but perhaps more important is that MUB has closed with a daily stochastic recycle.  One could make the case that DBC is a giant Head and Shoulders Bottom and is almost certainly the basis for managers such as Stanley Druckenmiller and Paul Tudor Jones’ forecasts of a coming bull market in commodities.



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