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The Fred Report - Mid Week Update November 4, 2015

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Stocks have been frustrating as we have been looking for a close above 211 on SPY to add more money – of course it closed at that number.  Our 223 target remains intact as long as 205 holds, and we will end up raising that number a bit after a move that closes above 211.  A break of 120 – 119 on TLT targets 100 – 96.  We have said XLF is a second half story and it could run into 2016, especially if TLT can break 119 as we expect.

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