4/27/2009 7:15:16 AM

Have the bulls overstayed their welcome?

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

We shall soon see if the bulls have overstayed their welcome. From the look of futures, they may have. Of course, as I've said before, you shouldn't bank on Monday futures.

Keep your eyes on your inbox for a possible mid-week update.

No new position (see weighting below).

Current Weighting Suggestion:

2/3 in Bullish Leverage
1/3 in CASH mode

Long Term Investor Buy Signal Alert

Over the past several years, this indicator has predicted several 100-point or more moves in the S&P. There are only 2 to 3 of these signals every year, so they're worth paying attention to. This is an ideal signal for investors to put cash to work following a down move in the market.

A Long Term Investor Buy Signal Alert was issued March 18, 2009.

In 2008 we had two signals; one on October 29, 2008 and one on July 23. The long term investor buy signal that was issued on July 23 ended with S&P up 62 points.

Long Term Investor Crash Warning Indicator

This indicator is a variation of the widely published Hindenburg Omen. We'll let you know when we're seeing indications of a potential crash to come. This would be a good time for long term investors to take some money off the table.

This indicator is not coming into play at this point in time.

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

Have a great week!