STILL IN NO MAN'S LAND

LONG TERM TREND: As you can see from the chart last week closed up but not very strongly. Price challenged the October high of 129.42 only to close lower today.



SUGGESTION FOR 401-K: There's simply not any reason to get excited yet. Although the last few weeks have closed higher they have only closed marginally higher. Not exactly the kind of strength you would typically see in a bull market. In addition, the 40 week moving average is still pointing down. There still is no strong conviction in either direction. My 401-K money is still in cash.