THE TRENDS: Both the long term and intermediate term trends remain up. This week the market closed higher than last week and well above the 10 week moving average. This is bullish but there wasn't much "range" during the week which concerns me a bit. As I've stated the last few weeks, the 142 is the high probability target we're looking for the market to reach. Today the market closed at 140.84.
WHAT I'M DOING WITH LONG TERM FUNDS: Still in 100% but watching VERY CLOSELY what happens when the market hits the 142 level. If a confluence of other factors I look at point to a market decline it could be a rather swift one. Will keep you advised. Have a great weekend everyone!
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