Our financial models performed flawlessly this week. After slightly positive results on Monday all funds were moved into F Fund just in time for the second worst sell-off day since September 2001.

Today markets were all over the place. At the lowest point S&P500 hit 1,363 which is 11 points below last week’s low. That’s not a good sign because in traders’ terms “S&P500 failed to support last week’s floor” and might go lower.

On a separate note we’d like to point out that indexes stayed above 200-days moving average. (Note: 200-days MA for S&P500 is 1,349.)

OECD’s interim economic outlook (13-Mar-2007)

-         US Economy growth in “low gear”

-         Europe and Japan’s growth outlook looks very bright and expected to outperform US in 2007

Coming up this week:

            Thursday

-         OPEC ministers meet in Vienna to assess oil production.

-         PPI numbers expected to be pushed up by higher energy costs

Friday

-         February’s consumer-price index is forecasted to rise 0.2%