Market update - week ending 27th July, 2012

Big day for the market today, significant changes that are worth noting.

• SPY went long.
• TLT is facing resistance and stop is now change to 123.82
• DBA has been long for a while
• GLD's buy price is now slightly higher 159.2 but even GLD is close to turning long.
• UNG is long as well

So, the important theme is that SPY, TLT, DBA are all long and GLD is about to turn long. Implying, all asset classes are in the green. Message: Allocate your portfolio long and give appropriate asset allocation based on your view of which asset class is likely to outperform. This is fun time and CONTINUE to watch which ones are outperforming so that you can allocate more on the ones that do better than the others.

ETF	Status	Notes
TLT	Hold	Sell on a close below 123.8
DBA	Long	Stop Loss: Close below 29
SPY	Long	Stop loss on a close below 135.
UNG	Long	Stop loss on a close below 18.
GLD	In cash	Buy on a close above 159.2. Subsequently, stop loss on a close below 154.16.