HOLD ON

THE TRENDS:  The long term trend remains up as well as the intermediate term trend.  As you can see from the weekly SPY chart the week closed slightly higher at 137.95.  More significantly it closed above the high of 137.18 made last May after closing below that level the previous week.

SUGGESTION FOR 401K:  For the time being I will remain invested unless the market makes a rapid decline below the 136 area (green dotted line).  This would mean a high probability move lower which would signal an intermediate term sell signal.  If this occurs I will update the blog so you may want to check your email each day.  Have a great weekend everyone.