The FRED Report

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The Fred Report - Mid Week Update May 25, 2016

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SPY daily stochastic suggests more to go short-term, but the weekly is still in sell mode. Ride this well but raise trading stops to breakeven if SPY can test 209.  GLD has finally started to come down and hopefully can get oversold on the weekly stochastic. It is already oversold on the daily but has not yet turned up. We would add GLD when this turns up.

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