FINALLY

THE TRENDS:  As you can see from the weekly SPY chart below, this week closed very strongly above last week.  Not only that, but the market finally had a weekly close above the high of 142.21 made in April.  So both the long term and intermediate term trends remain up.

WHAT I WOULD DO WITH LONG TERM FUNDS:  If I still had a 401-K and was limited to mutual funds I would stay in.  But as bullish as this week's breakout was, it is important that there is "follow through" in the weeks to come.  Occasionally these breakouts can fail.  So I'm watching the 10 week moving average as a "line in the sand" that could potentially flip the intermediate term trend down.  This level is currently at 139.58.  Have a great weekend!