Members paying for the $149 or more memberships can find the EWS update for tonight on the web site near “special reports.”  The models adjust every two months though one model is not changing.

Two Month Return or May 1 to July 1, 2009:

The S&P 500 Index using the SPY SPDRs was up +5.0%. 

The ETF EWS two funds were up and average of +13.9%.

The Open-End Mutual Fund two funds were down an average of -0.6%.

The year to date returns for 2009 up to July 1, 2009:

S&P 500 using SPY SPDRs                                      -0.5%

ETF EWS model                                                         +14.8%

Open-End Mutual Funds EWS Model                        -5.4%

One oddity during this period is one of our open-end Fidelity Select funds that was used was closed and folded into another Fidelity fund.  These types of things happen but they are fairly rare.  The end result was that fund was essentially flat during the time period.