UNEVENTFUL WEEK

THE TRENDS: As you can see from the attached weekly SPY chart the week closed slightly lower than the previous week and didn't have much of a range. This is typical after a very strong up week. The long term trend and intermediate trends remain up.



SUGGESTION FOR 401-K: As I said last week although the trends are up the market has made a very strong run up from the last intermediate term buy signal. Typically bull market behavior is that we will see at least a 1 - 2 week correction sometime in the next several weeks. So now is not the time to throwing "all in" if you've had all of your money in cash up until now. I will continue to monitor the market daily to look for the type of pullback, then bounce, that would indicate a continuation of the bull market when it will be much safer to get back in. So keep watching your emails each day!

If you have any questions, don't hesitate to ask. Have a great weekend everyone.