The sector model moved to cash today as the overweight in commodities and inverse funds was no match for the explosive rally in equities and cratering in commodities over the last couple of days.  I will always be honest when posting results for my models.  While this was a rough month (down 5.19%) for the sector model, it is still up 10.66% for 2008 and is also up 13.21% annually since Jan 1, 2002.

By comparison for 2008 YTD, the Nasdaq is down 12.82%, the Dow is down  13.71%, and the S&P 500 is down 14.17%.

The model will now remain in cash for the remainder of the month and come back with new picks for August.

BTW - futures are taking a hit so far in after hours with the Dow down 62 and the Nasdaq down 11.75, but we will not fall into the trap of second guessing the automated model which has served us well.