The Fred Report - Weekly August 15, 2011

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Last week, our forecast became a rally towards the 1200 – 1235 area on the SPX, and we still see this as the likely outcome for this week.  Thus far, bonds have outperformed my expectations but this may end abruptly as indicators do not support TLT at these levels.  We have recommended investing in Singapore and Malaysia as these have been strong technical charts.

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