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SPY Trends and Influencers August 14, 2011

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Last week’s review of the macro market indicators looked interesting on many levels. Gold ($GLD) appeared ready to consolidate, if only for a couple days within the uptrend while Oil ($USO) could consolidate before continuing the fall. The US Dollar Index ($UUP) looked to drift higher in the 20.88 to 21.90 range while US Treasuries ($TLT) pullback. The Shanghai Composite…

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