The Fred Report - Mid Week Update October 3, 2012

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Stocks have traded sideways this week, and so far our projection for a short-term rally this week looks good.   We look for a rally to 149 – 150 or so this week, with concerns if the SPY trades below 139.  If USO trades below 34 a move to 33 or lower is possible and would likely take a rally off the table.

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