ANOTHER STRONG WEEK

THE TRENDS:  Both the long and intermediate term trends remain up.  After last week's breakout above the April high, this week closed even higher, which is very bullish.

WHAT I WOULD DO WITH LONG TERM FUNDS:   With a 401-K I would stay fully invested in mutual funds.  With an IRA I would also stay fully invested in an exchange traded fund like the SPY or call options on the SPY.  The ONLY caution I would have is that after such a large move up in such a short period of time, it is normal to expect a pause or correction in the market.  As always, I'll be watching for signs of a correction and if it does occur, whether or not it's normal or a potential flip in the intermediate term trend.  Have a great weekend!