7-10-2011 Market Indicator Status Update

Major Market Timing indicator #2:

Indicator #2 remains on “UP”. The indicator change to “UP” on 6/9/2011 did precede a large move up in the markets, with the Nasdaq 100 up 6.6% in the month following the change.

Major Market Timing indicator #1:

Indicator #1 remains on “DOWN”, but is in an area where a new “UP” trend may occur. We are waiting for a pull back to trigger the change to “UP”. Given the negative US employment report on Friday, we may see the pull back this week.