Weekly Update -- Waiting

LONG TERM TREND: Not much new to report this week. The positive news is that for the 2nd week out of the last three, the market finished higher. So at least for now things appear to have stabilized a bit. As I said before the market still has a bit of downside to go in order for the long term trend to shift down.

SUGGESTION FOR 401-K: Despite the fact the market closed up for two out of the last three weeks, it still has a lot of work to do to convince me the long term trend will start another up leg. Take a look at the attached chart and the commentary on it. Bottom line is that although last week closed up, it looked rather weak when compared to the previous down week. My long term money remains on the sidelines for now.



Have a blessed day everyone. I'm off to go fishing! As always, your comments, feedback, suggestions are welcome.