NO BIG SURPRISE

THE TRENDS:  The long term trend remains up.  However, the intermediate term trend remains down.  This, even though this market closed up slightly from last week.  As I mentioned last week, there was a reasonable probability that the market would bounce from the 130 level.  But this bounce occurred on weaker volume and range compared to the last week

SUGGESTION FOR 401-K:  Although the market closed up above the 130 level it did so with weak conviction.  The bottom line is that the intermediate term trend is still down and until it flips up I am staying 100% in cash.

Don't forget to fly your flag this weekend in memory of our veterans and loved ones who have passed.  Have a great holiday weekend!