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The Fred Report - Weekly February 9, 2015

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This is going to be an interesting week, as indicators present a mixed picture that we believe will be resolved to the upside.  Failure to rally back above134 this week would be a concern on bonds, and suggest a peak is in for at least the first part of 2015.  We continue to look for the 21 – 22 area on USO in this rally, although it may do better than that ultimately.

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