The Fred Report - Weekly August 30, 2010

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We have a small buy signal on the US stock market, but caution people to use risk management as the SPY remains in a downtrend until 114 is exceeded.  This has been a tough market for us, as the TLT has moved higher than we figured (we thought the peak was 103), but our strategy of buying the LQD instead of the TLT looks to us to still be correct, and should the TLT move below 97.50 it looks to test the 92 area, or even lower.  Commodity markets are hanging in there so far, but we have concerns about seasonal weakness into the fall.

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