• Markets nearing BUY territory: Russell 2000, IWM, Russell 2000 Value, S&P Small-Cap Pure Value, RZV, IWN, REgional Banks, KRE, BTK Biotech, DJ Utilities, XLU, Shanghai Composite, South Africa, South Korea, Coffee, JO,
• Markets nearing SELL territory: Copper, FXC

• Market Outlook: Intermediate-Term: Bullish & Short-Term: Neutral
• Themes Of The Day:
  • ACTIVE MANAGERS All In
  • SMALL Test
  • BANK-ing On Support

• Chart Of The Day (0:00): NAAIM Active Managers Go All In (and then some)
• Indices (3:13): Value Line Geometric, S&P 500, DJIA, NDX, Russell 2000, Russell 2000 Value, S&P 400 Mid-Cap, S&P Small-Cap Pure Value, HYG
• Sectors (7:59): DJ Utilities, SOX Semiconductors, XLV, BTK Biotech, DRG Pharma, RHS, KRX Regional Banks, KRE, XAU Gold/Silver
• International (13:42): DJ STOXX Europe 600, Germany, Chile, Mexico, Australia, Canada, Russia RTSI, Indonesia, South Korea, South Africa, Philippines,
• Bonds (22:12): 10-Year Yield, 30-Year Yield
• Currencies (22:56): U.S. Dollar Index, FXE, FXC
• Commodities (25:08): CRB, GLD, SLV, Copper, Coffee, JO

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Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.