From a “BIG PICTURE” perspective key long-term support remains in place!



On a short-term basis, the 500 appears to be dealing with some overhead resistance at (2), yet from a very long-term basis, support line (1) dating all the way back to 1987 remains in play!

Game Plan…We are attempting to find a few selective places to score on defense, attempting to find relative weakness in the Russell, yet if you are a long-term investor/making decisions for your 401k, long-term support is still in control at this time and high yield funds continue to reflect continued positive price action!


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past