Weekly Report

The Fred Report – Mid Week Update July 29, 2026

SPY and IJR continue to trade well and look like support should hold. On SMH, a 50% retracement would put the index at roughly 460. So, let’s look for support in that area. Best is around 490,

The Fred Report – Weekly July 27, 2026

Our plan has been to wait for an oversold condition to occur in the weakest index (QQQ), and then buy SPY and IJR, or even stronger sectors than Tech.

The Fred Report – Mid Week Update July 15, 2026

GLD has moved below and then back above 370 – our benchmark number. This means it is a tad weaker than we have been expecting. Resistance here is 378, then 385. If above these prices then GLD can hit our targets of 412. If we wanted to own stocks and not the miners ETF, we would use NEM and AU.

The Fred Report – Weekly July 13, 2026

Ideally, QQQ will hold 700 while this choppiness plays out. Now XBI and IBB have come out of the second consolidation and look to put on another big move.

The Fred Report – Mid Week Update July 8, 2026

For the record, a double top would be confirmed by a move below 735, and that would suggest consolidation unless 722 breaks as well. As long as GLD can hold 370, the chances of a test of 350 have gone down. A move above 390 would set up a test of 400 to 412, where traders should sell if it can get there.

The Fred Report – Weekly July 6, 2026

If money comes out of these leadership names it will likely move more into some of the Value and Dividend names. What these are saying is that the curve may steepen, which would be good for the economy.

The Fred Report – Mid Week Update July 1, 2026

SPX (S&P 500 Index) did close down for the month of June, but not enough to generate the big oversold readings we had hoped for. Oil prices could rally here, which might mean some issues with stocks – we need to watch for this. You can start to buy GLD now – ideally between here and 350. This market may not make new highs, but it could test the 410 to 412 area.