The FRED Report

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The Fred Report - Mid Week Update April 20, 2016

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The S&P and the Dow Industrials would be the only indexes to make new highs. Broader indexes like the Russel 2000 and New York Composite remain behind.  Oil is also a bit stronger, but we have allowed a test of the $46-area into our calculations and should that occur and fail we would have concerns and look for a decline into June.  Gold is a bigger concern, as GLD is failing to move through 120 and has overbought monthly FPO’s.


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