DITTO

THE TRENDS:  I could literally refer you back to last week's post.  As you can see from the image below, the market closed nearly where it opened for the week and stalled at the 10 week moving average.  As I stated last week, until the market can move strongly above this level, the intermediate term trend remains down.  The long term trend remains bullish to neutral.

SUGGESTION FOR 401-K:  For the reasons stated above I'm remaining 100% on the sidelines until the intermediate term trend flips up.  Have a great weekend everyone.