Sector Model - April Return  +13.8%

For May- 5 slots - 20% each    BDH, IAI, ITB, IXN, HHH


Country Model - April Return   +15.60%

For May- 5 Slots - 20% each        EEM, EWD, EWT, EWY, FXI


Currency Model - April Return    +2.34%

For May - 3 slots - 33.3% each       FXE, FXS, FXA


Paired Index Model - April Return   +14.49%

For May- 2 slots - 50% each   -  Both QQQQ



Putting It All Together - April Return +12.07%

This return was produced by combining the models as follows:

30% Sector, 30% Paired Index, 20% Country, and 20% Currency.



2009 Overall Return: +1.63%


2009 Returns for Major Indices:

Dow                        -6.93%

S&P 500                  -3.37%

Nasdaq Composite  +8.89%


By combining all models for May, the positions will be:

6% BDH

6%IAII
 
6% ITB
 
6% IXN
 
6% HHH

4% EEM
 
4%EWD

4%  EWT

4% EWY
 
4% FXI

6.66% FXE

6.66% FXS

6.67% FXA

30% QQQQ