Thursday, January 18, 2007

System update 1/18

The NASDAQ sold of sharply today as disappointing earnings from Apple and Intel dashed hopes of a healthy consumer spending which has so far helped the economy grow even in a tough interest rate environment. Comments from Fed chairman dashed hopes of any near term rate cuts.

The system remains in sell mode. Just a reminder you can view how the two portfolios are doing by clicking on the links on right hand side titled 'track the systems performance'

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