NOTHING NEW

LONG TERM TREND: The outlook is neutral for the time being, largely because last week was the week after a holiday, where most traders take time off. As you can see from the price bar there wasn't much movement and look where price closed again...right near the 40 week moving average.



SUGGESTION FOR 401-K: I hate to sound like a broken record, but the market needs to show some more conviction to the up side above the 40 week moving average before I get involved. I will be watching price action on a daily basis next week and will update the blog if I do anything. Have a Happy and blessed New Year!