STRONG WEEK BUT....

LONG TERM TREND: This week closed up strongly compared to the previous week but look where price stopped again (see attached image). Yes, right at the 40 week moving average.



SUGGESTION FOR 401-K: Despite the strong up week there has not yet been a decisive move above the 40 week MA. Until this happens the probabilities favor the tendency of the market to sell off once it's at this level, which it is now. Next week I'll take a look at the daily price action and see if there is any follow through to the up side. If there is and I get back into the market I'll update the blog. Until then, I wish all of you a very Merry Christmas!