THE WAITING GAME

LONG TERM TREND: As you can see from the attached chart of the weekly SPY, this week the market closed slightly higher than last week but STILL below the 40 week moving average. We are truly at a crossroads right now. The prudent thing to do is to wait and see which direction the market takes from here. If it breaks above and holds above the 40 week moving average the probabilities favor a resumption of the long term up trend. If it breaks lower then the probabilities favor a transition from a long term bull market to a long term bear market.



SUGGESTION FOR 401-K: Until the market shows me that it wants to go up my long term money remains on the sidelines. Be blessed and have a great weekend.