Net Market Positive

Reflecting some of our most recent moves and reflecting the current positioning and valuation of the markets we will move our intermediate rating back to NET MARKET POSITIVE.  We suggested on May 15 that we were close to making this change.  Also recall that we upped our shortest term ratings back on April 11. The S&P 500 is down around 2.5% since that change date on our shortest term readings.  You can also go  here  for a definition of what these terms mean.  Please remember that your ratings reflect what we are doing for our clients and are not meant to be any sort of market timing mechanism.   

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