If you are committed to making your own investment decisions, based on your personal observations about the markets, here is what one of our third party investment managers is telling us today:

“As we enter a new trading window, we are coming off a volatile period within the market. After trading down to nearly 1265 on the S&P, the markets reversed course and rallied almost 2.5% over the next 4 trading sessions. However, a combination of a dour economic outlook from the FOMC, rising U.S. jobless claims, continued fears coming out of Greece, and a psychological resistance at S&P 1300 quickly stopped this price appreciation and the markets again turned lower, continuing the longer-term downtrend we’ve seen since the end of April. Currently, our model continues to reside in its highest risk market reading, and all profiles are defensively allocated. Given that our price and breadth indicators are treading deeper into negative territory, we will need to see significant and sustained market improvement before our model will call for a reallocation to the equity markets.”

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