5/6/2008 7:15:58 AM

Has the channel remained? Read on to find out.

Welcome to Lynn T's 1-2-3 PLUS Alert. To learn more about my Partial Leverage Utilization System, click here.

The up trend is still very present when you take a look at a weekly chart of the SPY. Volume has been decreasing for the past few weeks, making it seem that the upward push it nearing an end - or at least having some troubles keeping up the pace.

We'll stick to our guns and remain at full weighting for the time being. A data element to one of my indicators will come out tomorrow morning. That might be enough prompting to take 1/3 bullish weighting away - but not today.

Stay right where we are (see new weighting below).

Current Weighting Suggestion:

3/3 in Bullish Leverage

You can email me with any questions at plus@stockbarometer.com.

Have a great week!