an tSionna 7.15.10

Market has made a good show of it since the beginning of the month with the major indices up anywhere from 4-7% in that period.  I think we could get a period of backing and filling now as it would be natural to expect at some point some level of profit taking.  Accordingly I will move my short term read to Market Neutral.  I will keep the longer term views unchanged at Net Market Positive for both.  You can click here  for a definition of those terms.

*Long ETFs related to the S&P 500 in client and personal accounts.  Nothing in this post should be construed as a recommendation to buy or sell any security.