The Fred Report - Mid Week Update April 24, 2013
EEM has started to rally as well, and is below the 44.50 resistance we mentioned, suggesting some higher prices over the next few days. TLT staged a reversal and we would watch the downside targets for all the bonds we gave in the weekly review – they could be hit, and we would want to add to these for traders. GLD’s daily stochastic has just moved above 20, suggesting more rally is likely, but the next set of readings above 80 should lead to a retest of the recent low, that should be successful and bought.
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