The FRED Report

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The Fred Report - Weekly May 22, 2017

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This week is important and may give us either the breakout above SPY 241 or breakdown below SPY 230 to suggest the market is leaving this range.  Last week’s trading in oil was positive, and it looks as if a bottom has been put in.  We have preferred larger money center banks for a while, but the charts suggest caution throughout the sector.

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