The S&P 500 barely budged since last week’s ETF Portfolio report, but all of our models increased in value due to their diversification.
The index is now approaching the psychologically important 1,300 level, which can act as a glass ceiling. It remains to be seen whether upward momentum is strong enough to pierce this resistance point in the face of Europe’s worsening debt crisis.
Some forecasters have called for a high of 1,330 to 1,350, but these things are simply someone’s opinion and not a guarantee. With Europe’s problems looming large, be sure to follow my recommended exit strategy at all times.
Take a look at the latest update:



