The FRED Report

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The Fred Report - Mid Week Update September 14, 2011

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We could still see some more rallying through the end of the week – although our minimum upside target of 118 for the week has been achieved.  We note strength in the Transports so far this week and this is a cause for intermediate-term optimism.  We realize our best buy point is likely closer to the end of September and hopefully around 109 – 108 on SPY.

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