Not much to do but watch and wait. Futures are down -3 points on Monday morning as we wait for a dip.

The relative strength of the market has been getting weaker even as it set some new highs last week. The major indexes all finished in the red on Friday but slightly positive for the week.

The biggest risk to the market this week is from Europe and the debt sales from Portugal, Spain and Italy. The dollar is rising overnight and the Euro declining.

We seem to be setting up for a decline in the U.S. markets but there are still enough bulls buying the dips that it may be a slow process.

We are ready to react when it happens but we just need to wait for a dip to buy.

Jim Brown

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Current Portfolio


No Open Positions


New Long Term Recommendations


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New Aggressive Recommendations


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