Weekly Review

Inching up. Momentum is falling. A dangerous sign because any reversal may be quick and brutal. I'm staying out until more clear signs emerge.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Neutral	Up
DJI	Down	Neutral	Up
Nasdaq Comp	Down	Neutral	Up
Russell 2000	Down	Neutral	Up
AMEX Airline	Down	Neutral	Up (+)
AMEX Biotech	Down	Neutral (+)	Up (+)
AMEX Natural Gas	Down	Neutral	Up
AMEX Oil	Down	Neutral	Neutral (+)
AMEX Security Broker	Down	Up (+)	Up
KBW Bank	Down	Neutral	Up
KBW Insurance	Down	Neutral	Up
PHLX Housing	Down	Neutral	Up
PHLX Semiconductor	Down	Up	Up
S&P Retail	Neutral	Up	Up