Week of 7-5-2009

Timing Model = 1.5
80% long, 20% cash

Global allocation of long positions
MSCI EAFE Index 30%
MCCI Emerging Markets Index 30%
Russell 3000 Index - U.S. 40%

Top U.S. Sectors
U.S. Semiconductor 3.0
U.S. Technology 3.0
U.S. Oil Equipment, Services & Distribution 3.0
Mid Cap Growth 2.5
U.S. Biotechnology 2.5
U.S. Micro Cap 2.0
Composite Internet 2.0

Top Intl. ETFs
MSCI Hong Kong Index Fund 2
MSCI Brazil Index Fund 2
MSCI All Country Asia ex Japan Index Fund 2
S&P Latin America 40 Index Fund 2
FTSE China (HK Listed) Index Fund 2
MSCI Singapore Index Fund 2

Strategy 3
Money Markets 11%
Emerging Markets 11%
Precious Metals 11%
Industrial Materials 11%
EAFE 11%
Energy 11%
U.S. Small Caps 11%
Internatiional Real Estate 11%
U.S. Large Cap 11%

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

Not much has changed since last week. I'm still focused on the S&P 500 and it's relationship to it's 75 and 200 day moving average. Sentiment is still slightly negative but will be less of a factor over the coming weeks. The tape is critical here.