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The Fred Report - Mid Week Update April 17, 2013

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Sentiment indicators and this upsurge in volatility combined with weakness in small and mid cap stocks and the transportations, suggest a more cautious stance.  A move below 152 on SPY would be cause for concern.  Indicators for Gold are oversold enough so that we should now rally, but again as mentioned we expect a double and not a “V” bottom.

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