The Fred Report - Mid Week Update October 13, 2010
The stock indexes are slowly working their way up, the bond market has started to sell off a bit, and gold still has not exceeded the highs of the outside day negative reversal of 10/7/10. Key areas on these markets are TLT below 101 could target mid 90’s, and the SPY could test 118 by the end of this week. The dollar looks ready to rally and if the DXY can exceed Tuesday’s high of 77.93 it could test 81.
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