Week of 5-10-2009

Timing Model = 0.5
60% long, 40% cash

Global allocation of long positions
MSCI EAFE Index 20%
MCCI Emerging Markets Index 30%
Russell 3000 Index - U.S. 50%

Top U.S. Sectors
Precious Metals 3.0
U.S. Oil Equipment, Services & Distribution 2.5
U.S. Pharmaceuticals 2.5
U.S. Health Care 2.0
U.S. Biotechnology 2.0
U.S. Consumer Services 1.5
Mid Cap Growth 1.5

Top Intl. ETFs
MSCI Brazil Index Fund 2
MSCI Emerging Markets Index Fund 2
MSCI All Country Asia ex Japan Index Fund 2
MSCI Taiwan Index Fund 2
MSCI Sweden Index Fund 2
MSCI Singapore Index Fund 2

Strategy 3
Money Market 20%
Precious Metals 20%
Emerging Markets 20%
Industrial Materials 20%
EAFE 20%

Strategy 4
Precious Metals 25%
Emerging Markets 25%
Industrial Materials 25%
EAFE 25%

Not much has changed in my models recently. Intermediate term sentiment is signaling over optimism, and my trend indicators are mostly positive. I get the feeling everyone is looking for a pull back, but when will it happen? Nobody knows.