TTT update

The DJIA rallied just as we'd predicted in the most recent TTT, and closed the week at roughly the break-even level for the calendar year, which also happens to be at approximately the same level as the 200-day moving average.

On decisive closes higher we must not be bearish, nor yet bullish. 

It's extremely rare for a major index to be alternating so often between a gain or loss for the calendar year, as has been happening with the DJIA in 2010, but we're well-positioned and will simply ride it out and adjust accordingly if need be. 

For now we believe that our suggested holdings and stop levels remain prudent in the current market environment. 

Gold is up against several overhead resistance levels.  Should it cross higher to nominally all-time closing highs we may be forced to turn bullish again, however that remains a big "if" at present.