SO FAR SO GOOD

THE TRENDS:  As you can see from the attached chart of the weekly SPY the market had a very strong week.  Although the 136 level was tested early in the week the market turned around and finished very strong on Friday.  This is very bullish.

SUGGESTION FOR 401-K:  I am fully invested again but although this last week was a very strong week, some of the other indicators I look at to confirm the price action still point to some uncertainty.  I will feel a lot better if the market continues to rally above the 142 level.  I will continue to keep an eye on the charts daily and update the blog if I feel the intermediate term trend has shifted down.