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Fuel Tank At -30

The Pring Turner 10C Fuel Tank continues to register a negative overall reading of -30. Throughout this stock market advance that started in November, many of the underlying indicators have continued to deteriorate.

This past week our Fixed Income Spread Model registered another sell signal. Since 2000 this model has registered a sell signal 28% of the time with average annual returns of -5.29% for the S&P 500 during that timeframe.