The Fred Report - Mid Week Update August 3, 2016
We have been expecting some market pullback as indicators are overbought. It is not bad, and should be contained by the 210 – 212 area on SPY. TLT had a better day than we expected in some respects, but the pattern is still precarious. Gold continues to look attractive and is challenging the 130-area. We think it will move above 131 or so on this advance.
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