A Change

Reflecting what we have done in recently in client accounts, we will move our intermediate indicators up to NET MARKET POSITIVE.  We will leave our short term indicators at NET MARKET NEUTRAL for the time being.  We lowered our indicators back on 08.08.12.  You can go here for a definition of these terms.  The S&P 500 is down about 2% since August 8th, 2012 and is down about 7% from its highs back in mid-September.

Please remember that our ratings only reflect what we are doing for our clients based on our understanding of their unique risk/reward criteria and are not intended to be any sort of market timing mechanism.  Further you should not take this upgrade to mean that we believe that a market rally is on the horizon.  We have no way to predict such an event and thus have no opinion in that regard.  

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