The FRED Report

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The Fred Report - Weekly October 10, 2011

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While we remain optimistic about a rally into the end of the year, some of the market internals deteriorated a bit more than I would like to have seen.  Our forecast is now that the market should rally through the end of the year WITHOUT violating the 1070 area on the SPX, or the 107 area on SPY.  The commodities markets appear to be stabilizing and getting ready for their seasonal advance into the winter.

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