NOTHING NEW TO REPORT

THE TRENDS:  Both the long term and intermediate term trends remain up.  Once again last week closed higher, albeit only marginally higher than the previous week.

WHAT I WOULD DO LONG TERM:  Once again I've posted a quarterly (3 month chart) to show you how close we're getting to the 156-157.50 levels where that last two major bear markets began.  Because the market is continuing to show strength I would have 50% of my available funds committed but the closer price gets to the previous highs, the more vigilant I would be about exiting when a shift down in the intermediate term trend occurs.  Have a great weekend!