Saturday, May 17, 2008

Portfolio Update, 5/18/08

On Monday's open:

1. Sell IWN
2. Use the proceeds to buy IWP (iShares Russell Midcap Growth).

The switch from small cap value to midcap growth is consistent with the beginning phases of a bull market. Growth will outperform at these times, and other indicators are largely bullish in keeping with the scenario that any recession will be shallow.

Last week's largest gainer was EWO, which delivered almost 6.7%. These strategies do well in rising markets but please remember to take profits and move to cash as the rules dictate.

Continue holding IYM.

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