The Fred Report - Mid Week Update July 8 2015

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U.S. stocks have, at least so far, rallied off of support in the 204 – 205 area on SPY. They did this with an outside day to the upside, which is often but not always a positive pattern.  We remain with targets in the 223 area on SPY.  While we have been looking at the possibility of a rally in TLT toward 122 – 124 this may not be possible now, and traders should start to sell bond positions taken at 116 or so.



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