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Watching paint dry is more fun than watching the market right now. The first half of the year it was onward and upward with scarcely a pullback. Now, all of a sudden, everything is up a little and down a little but going nowhere. The Model Portfolio lost $663.00 last week after gaining $793.00 the week before. I'll post an updated Model Portfolio below and post the charts with comments even though there are no changes to speak of. It's Saturday morning, Dish TV is out and I'm bored.  I have been leaning toward a late summer early fall correction in the market since the first of the year. It will soon be late summer and early fall so we should know more in the next 8 weeks.

GLL	100	61	92.32	0.08	$8.00	$3,132.00	51.34%	$9,232.00
TBT	100	65	75.35	0.22	$22.00	$1,035.00	15.92%	$7,535.00
DIG	100	56	59.76	0.29	$29.00	$376.00	6.71%	$5,976.00
UCO	100	30	36.11	1.41	$141.00	$611.00	20.37%	$3,611.00
DDM	100	72.5	99.05	0.86	$86.00	$2,655.00	36.62%	$9,905.00
Total					$12.00	$7,809.00	27.45%	$36,259.00

Chart of GLL which is a short of the price of Gold. As you can see it is dropping down close to the moving average line but no sell signal yet. If it drops below the line that would issue a buy signal for Gold.  

 Chart of TBT which is a short for 20 year US Treasuries. As you can the price of bonds is going down which means interest rates are going up. As bonds go down and interest rates go up TBT goes up in price. 

Chart of DIG which is a proxy for the oil and gas industry. Still looking good. 

Chart of UCO which is a proxy for the price of crude oil. Oil is still higher than I think it should be given the demand but it is what it is. 

 Chart of DDM, the proxy for the Dow. Showing a little weakness but nowhere near the moving average line.