Due to a weekend away from home, there will not be a full update this weekend. What is important is that our market model has switched to a NEUTRAL condition following the sell off on Thursday. There is too much evidence in individual stocks, old sector leadership, new sector leadership, tapering, sentiment, and other macro data that the market possibly wants to pull back here. On top of that the distribution day count on the Nasdaq is rising sharply. Therefore, we have initiated hedges in leveraged ETF positions to offset our long positions in this market. A breakout above the recent highs or a breakdown below the 50 day moving average will constitute a switch in our market model. Until then, we will remain under a NEUTRAL condition. Aloha and enjoy the rest of your weekend.
TOP CURRENT HOLDINGS – PERCENT GAIN SINCE SIGNAL – SIGNAL DATE
THIS SECTION WILL NOT BE UPDATED THIS WEEKEND
