Several Models Get Bearish

Using the 3PM numbers as closing number the following models have gone bearish: Biotechnology, represented by BIB, Energy, based on ERX, Mid Caps based on MIDU, Retail, based on RETL, Technology, based on TECL,  Small Caps based on TNA, and Russell 2000 represented by  URTY.   This leaves only 2 models in a bullish situation.

If the numbers hold up after the close the ETFs will be sold  (paper wise, see What If page for history) sometime Friday afternoon.

Score: 2 Bulls and 8 Bear -

----------- T H E   B U L L S ---------------

• SP 500, based on SPXL. 
• Finance, based on FAS.   

----------- T H E   B E A R S -------------- 

• Biotechnology, represented by BIB
• Energy, based on ERX
• Mid Caps based on MIDU
• Retail, based on RETL
• Technology, based on TECL
• Small Caps based on TNA
• Russell 2000 represented by  URTY
• Real Estate, based on DRN