The Fred Report - Mid Week Update July 23, 2025

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SPY has hit our target at 630, and while the market still looks higher, we should now look for points to sell underperforming stocks, or at least parts of position in them.  Watch GLD – staying below 302 would suggest a peak in gold. SLV may be starting a blow-off top and right now the risk of a peak is increasing but it is not there yet.



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