an tSionna {09.14.10}

Market is now short term over bought.  I think we still move higher into year end and also believe that there is a lot of positive momentum beginning to build for stocks as we head into year end.  However, I also think given the extent of the advance we've seen in the last two weeks, it is likely that we could see some profit taking or at least a period of backing and filling settle in here for a bit.

As such I will move our shortest term rating to Market Neutral. I will not change the intermediate or longer term Net Market Positive rankings we've had in place for some period of time.  You can click here  for a definition of these terms.

*Long ETFs related to the S&P 500 in client and personal accounts.