The Major Trend Index rose 0.01 to 1.10 in the week ended December 20th. This work remains bullish, but by a narrower margin than for most of 2013. We continue maintaining above-average exposure to equities, with the Core Fund now at a net exposure level of 64% and the Global Fund at 65%.
Dec
26
2013
Major Trend Rises Slightly, Stays Bullish
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