The Fred Report - Weekly June 21, 2021

View a Printer Friendly version of this page, allowing you to print the page.

Keep watching IYT, as a daily recycle here should be the signal that a summer rally is getting under way.  The first scenario is the most likely in our view, which is that TLT trades up to 150, and builds a topping formation that ultimately leads to lower prices, and higher yields.  GLD challenging the gap at the 170-area is our minimum expectation for a countertrend rally. Be careful when the daily stochastic rolls over, as the Accumulation model did not show significant buying on this decline.

Sorry this page is available to subscribers only.
If you're not a subscriber why not
join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.




Who is Fred Meissner, CMT?
Listen here:

The FRED Report is not authorized, endorsed, or affiliated with the Federal Reserve of St Louis and its FRED Economic Data.