Pluto and Vulcanus, Precious Metals, Narayana Kocherlakota, Maiden Lane Portfolio, Eleanor Roosevelt, Canadian Natural Resources, Green Mountain Coffee Roasters, Equity Residential, Goldman Sachs and the Fed, W. D. Gann, Joy Global, Tiffany & Company, Positive Job Numbers

April 4, 2010

&FinancialCyclesWeekly.com #1014 - April 4-10, 02010 with Tim Bost

YOUR WEEKLY ASTRO-TRADING PLAN

IN THIS ISSUE:
The Bottom Line
Comments
How Good Should You Feel?
Pluto and Vulcanus Change Direction
In Bed with the Fed
The Economic Calendar
Astrological Dynamics
Spiritual Focus for the Week
Global Equities Markets
U.S. Equity Trends
Gold and Silver
Financial Cycles Model Portfolio
Market Sector Strength and Weakness
Astro-Trading Gann Plan
Stocks to Watch

THIS COULD BE THE FINAL WEEK OF GAINS BEFORE A SIGNIFICANT CORRECTION GETS UNDERWAY!

THE BOTTOM LINE: We continue to find support for market bullishness, but the positive technical picture is looking increasingly less convincing. It's a good idea to reevaluate core portfolio positions, while staying alert to short-term opportunities. A big reversal looms on the horizon.

Fundamental Outlook: Strong numbers add encouraging notes
Technical Outlook: Fresh highs are difficult to maintain
Astrological Outlook: Mild bullishness persists in congested trading

COMMENT: Stocks behaved very much as I had forecast during the past trading week, although we did see a bit more volatility than I had anticipated at various points in the market activity. While the stimulation provided by positive job numbers was welcomed by the bulls, holding on to price gains proved to be a bit more challenging than some traders had expected.

This week I'm expecting a lateral movement in the markets, but with a mildly positive bias to the trading action as a whole.

HOW MUCH OPTIMISM IS APPROPRIATE?

The net astrological picture continues to support bullish assumptions for this market, but the technical picture is getting very weak. In the current overbought condition of the markets, it's more and more difficult to get sustained rallies going, and most price surges are likely to be met with immediate profit-taking. While there are definitely short-term profits to made right now, it's not a good idea to throw caution to the winds. Assuming that higher prices today will automatically mean even higher prices tomorrow is a recipe for disaster.

STATIONS SET THE STAGE

We have two outer-body stations this week, with Pluto going retrograde on Tuesday and Vulcanus going direct on Friday. These are both signals of a potential change in market direction, but their impact is likely to unfold slowly rather than to produce a rapid and dramatic trend reversal. Watch for big news impacting commodities and currencies, and for the kinds of market shifts that allow longer-term trends to unfold.

Be on the lookout, too, for geopolitical disruptions and/or natural disasters. This is a time in which core assumptions can get challenged in fundamental ways, with some potential for market disruption along the way.

WHO'S MINDING THE FED?

On Wednesday the New York Federal Reserve released a tabulation of "nearly all of the holdings" of its Maiden Lane portfolio (named after the location of the New Fed's offices) in response to requests by lawmakers who are trying to figure out exactly what securities the central bank now holds as a result of its bailouts of Bear Stearns and AIG.

It amounts to 161 pages of documents, but with it still manages to reveal very little about the actual holdings. A good bit of research will be needed to cross-index the ID numbers of the securities to determine exactly what kind of assets they represent, and while the Fed provided the aggregate nominal value of the securities (not to be confused with the actual market value), it failed to mention the corresponding value at the time that it actually took over the troubled portfolios.

Of particular interest, though, is the fact that the cash portion of the Fed's Maiden Lane portfolio is kept in an account that's being managed by a familiar name in both the public and private sectors during the Wall Street crisis-Goldman Sachs.

You'll find the press release from the Fed, along with links to the documents, at http://www.newyorkfed.org/newsevents/news/markets/2010/ma100331.html .

*****

THE ECONOMIC CALENDAR

During the week ahead we will be watching the news on the ISM Non-Manufacturing Index, the Pending Home Sales Index, ISSC-Goldman Store Sales, MBA Purchase Applications, EIA Petroleum Status Report, EIA Natural Gas Report, Consumer Credit, Chain Store Sales, RBC CASH Index, Wholesale Trade, Fed Balance Sheet, Jobless Claims, and the Money Supply.

Minneapolis Federal Reserve Bank President Narayana Kocherlakota will be busy this week, with a speech to the Minnesota Chamber of Commerce in Bloomington, Minnesota on Tuesday and a presentation at a Business Leaders Luncheon in Helena, Montana on Thursday. Kansas City Federal Reserve Bank President Tom Hoenig will be in Santa Fe, New Mexico on Wednesday to give some remarks at the Board of Directors meeting of the Denver branch. Tuesday will also be noteworthy because it's the date that the Fed will release the minutes of its March Open Market Committee meeting.

*****

ASTROLOGICAL DYNAMICS

Once again we have a trading week ahead of us with a mildly positive bias for equities prices, with a lot of potential for fairly congested trading along the way.

The action in U.S. markets should get off to a fairly aggressive start on Monday after a long holiday weekend, with a waning heliocentric Mercury/Zeus quintile, a Sun/Chiron contraparallel, a waning Venus/Saturn biquintile, and a waning Sun/Hades quintile combining forces to drive prices higher.

The waning heliocentric Mars/Poseidon sextile Monday evening is extremely bullish, and it opens the door for a good rally on Tuesday, which is likely to bring the biggest gain of the trading week. The positive energy that day gets support from the waxing square between the Sun and the True Lunar Node, the waxing heliocentric Earth alignment with Saturn in the 24th harmonic, the waning Mercury/Saturn biquintile, and the waxing Jupiter/Cupido square. During the course of the trading day, the waxing heliocentric Mercury/Admetos quintile may pull prices down briefly, but not enough to keep the bulls at bay.

On Wednesday the positive energy pulls back somewhat, with a combination of planetary dynamics prior to the opening bell creating an optimistic mood that's a little difficult to maintain as the day moves on. The waxing heliocentric Mercury/Jupiter quincunx that afternoon should bring prices higher, however, and there's a good potential for a slight gain by the end of the trading day.

The waxing Sun/Cupido trine at Thursday's opening bell provides a very positive shot to start the trading day, and the positive energy is sustained by the Venus/Poseidon contraparallel, the waxing heliocentric Earth/Mercury sextile, and the waxing Venus/Neptune quintile. On balance Thursday looks like it will bring only a minor gain in stock prices, but during the trading day we could see some pretty exciting bullish moves.

Friday starts with a mild dose of positive energy, but it's like to fade substantially as the day progresses. After the closing bell there's a void-of-course Moon, and the Vulcanus direct station and the Mercury/Poseidon opposition both weigh in on the bearish end of the scale, but it's uncertain how much impact any of these phenomena will have on the trading day itself. My guess is that we will see some real softness in equities prices on Friday, with a pull-back that basically eats up any gains that have been posted earlier in the week, leaving traders with only a small net increase for the week's efforts.

The planetary configurations over the weekend are generally quite positive, with Saturday's waxing heliocentric Venus/Jupiter square and Sunday's waning Venus/Vulcanus quintile both adding significantly to the bullish atmosphere. But that optimism is likely to evaporate when trading resumes on Monday, April 12, with the waning Venus/Saturn sesquiquadrate and the waning Saturn/Chiron quincunx both bringing prices sharply lower.

To fine-tune your trading strategies based on the astrological dynamics throughout the week, be sure to check the listing of individual planetary aspects in the Gold Gann Plan Monthly Planning Calendar online at http://www.FinancialCyclesWeekly.com/members/department66.cfm .

Throughout the trading week ahead I will be tracking geocentric sixth-harmonic planetary lines (G,60,N,-2) for the Sun, Mercury, Neptune, Pluto, Cupido, Hades, Kronos, and Poseidon, using the Fibonacci/Galactic Trader software from P.A.S. to follow the active planetary support and resistance in real time. For more information on this valuable astro-trading analysis and trading software go to http://www.timbost.com/fibonacci .

Have a great week!

*****

Many of history's most successful traders have clearly understood that emotional equilibrium is the key to effective trading. Through Practical Spiritual Astrology we have an opportunity to restore inner harmony, enhance emotional balance, and make wiser choices in the markets.

We have reached a sacred threshold. We stand ready to move beyond all our presumptions of weakness and ineffectiveness, ready to claim the full strength and beauty and magnificence of our divine heritage. In order to assume that power, however, we must make bold assumptions, we must act as if the power is already fully ours. As we learn to play that role, we can crystallize the kind of transformation that can remake the world as we remake ourselves.

"When will our consciences grow so tender that we will act to prevent human misery rather than avenge it?" -Eleanor Roosevelt

For more astrologically-based spiritual insights and a free subscription to our monthly e-zine, be sure to visit www.PracticalSpiritualAstrology.com.

*****

GLOBAL EQUITIES MARKETS

Bullishness blossomed around the globe last week, with respectable gains in Europe, U.S. markets hitting new yearly highs but essentially treading water, and a very strong showing on the bourses in the Far East.

Dow Jones Industrial Average - up 0.71%
Dow Jones Transportation Average - up 1.21%
Dow Jones Utilities Average - up 1.77%
S+P 500 - up 0.99%
NASDAQ Composite Index - up 0.31%
Russell 2000 - up 0.74%
London FTSE-100 - up 0.73%
Amsterdam Index - up 2.22%
Paris CAC-40 - up 1.14%
Frankfurt DAX - up 1.89%
Mexico Arca Index - up 2.74%
Sao Paulo BOVESPA - up 3.57%
Sydney All Ordinaries - up 0.42%
Bombay SENSEX - up 0.27%
Tokyo Nikkei Index - up 2.26%
Shanghai SE Composite Index - up 2.87%
Hong Kong Hang Seng Index - up 2.30%

*****

U.S. EQUITY TRENDS

It was a brief trading week, but one with exceptional intraday volatility in the U.S. markets. As we had expected, all of the major indices finished the week in positive territory, but there was a lot of storm and fury along the way to insignificant gains. Our trend assumptions for all time frames remain unchanged for the week.

After a fairly congested start to the trading week, the NASDAQ Composite moved into some more energetic trading on Tuesday and Wednesday, and then finished out the week on Thursday with a quick spike upward after the opening bell followed by a precipitous sell-off. Even so, the index managed to post a microscopic gain for the week, closing at 3296.66. The NASDAQ has been on a short-term buy signal since April of last year, and a daily close below 2024 is now required to resume short-term bearishness. This index is also on a June 1 intermediate-term buy signal, with a daily close below 1727 needed to reverse to bearish expectations in that time frame. Our long-term sell signal for the NASDAQ, which dates back more than two years to January, 2008, currently remains in place, however. A daily close above 2473 is required to resume long-term bullish expectations.

The S+P 500 managed to maintain a more stable trading range for much of the week, and its Thursday sell-off was not quite as dramatic as the one experienced by the NASDAQ, so it finished the week with a modest gain and a close at 1175.34. The S+P is on a June 12 short-term buy signal, with a daily close below 1029 needed to reverse our trend assumptions back to the short side. The S+P 500 is also on a September 10 intermediate-term buy signal, with a daily close below 869 needed to reverse it back to the sell side. For the long-term, the S+P is on a January 17, 2008 sell signal, with a daily close above 1313 required to flip our long-term trend expectations back to bullish assumptions.

The Russell 2000 had a big surge on Tuesday which essentially established resistance for the week, with tests on Wednesday and Thursday failing before the average settled at 681.84 to finish the week. The Russell 2000 is on an April 17 2009 short-term buy signal, with a daily close below 553 required to flip back to short-term bearishness. The September 10 intermediate-term buy signal for the Russell 2000 requires a daily close below 423 to reactivate intermediate-term bearishness. The Russell remains on a November 26, 2007 long-term sell signal, with a daily close above 764 needed to confirm a move of our long-term indicator for this index back to the buy side.

S+P 500 -- Long-Term Bearish; Intermediate-Term Bullish; Short-Term Bullish

NASDAQ -- Long-Term Bearish; Intermediate-Term Bullish; Short-Term Bullish

RUSSELL 2000 -- Long-Term Bearish; Intermediate-Term Bullish; Short-Term Bullish

*****

METAL MARKETS

GOLD - I noted last week that for Gold "Anything that looks like a rally at this point would have to penetrate the 1119 level solidly, with a breakout above resistance at 1152 needed for an unequivocal bullish indication." We saw Gold move above 1119 on Thursday, and it has continued to trade above that point, but the 1152 mark has not been reached. The Pluto retrograde station this week is likely to push Gold higher for the short term, but my cycles work continues to suggest that we will see selling pressure for Gold all the way into the April 14 New Moon.

SILVER - The trading in this metal did exactly the opposite of what I had been expecting last week. We had gotten a bearish penetration of key support for Silver, but instead of continuing the decline the metal roared back with a vengeance. Even so, the cyclic and astrological indicators still suggest lower prices ahead for Silver, at least until the Moon reaches maximum north declination on April 18, with a challenge of support in the 16.30-16.35 still possible. A push above 18.15 will confirm bullish expectations.

*****

FINANCIAL CYCLES MODEL PORTFOLIO

CURRENT PORTFOLIO ALLOCATION: 43% Long; 0% Short; 57% Cash.

TRADES CLOSED LAST WEEK: ARJ, TGT, MAT.

We closed three trades last week, with two winners and one loser bringing us a net profit of $1,440.00.

We sold 300 shares of Arch Chemicals, Inc. (ARJ) at 34.10 on 03/30/10, taking a profit of $150.00 (a 1.49% gain in 16 trading days).

We sold 200 shares of Target Corporation (TGT) at 52.95 on 03/31/10, taking a loss of $160.00 (a 1.49% loss in 6 trading days).

We sold 500 shares of Mattel Inc. (MAT) at 22.65 on 04/01/10, taking a profit of $1,450.00 (a 14.68% gain in 42 trading days).

*****

POSITIONS ADDED TO THE MODEL PORTFOLIO LAST WEEK: AVP, BWS, JOSB.

We added three long positions to the Model Portfolio last week.

We bought 300 shares of Avon Products Inc. (AVP) at 33.40 on 03/29/10, with an initial stop set at 29.75.

We bought 700 shares of Brown Shoe Company Inc. (BWS) at 15.50 on 03/29/10, with an initial stop set at 14.95.

We bought 200 shares of Jos. A. Bank Clothiers, Inc. (JOSB) at 52.20 on 03/29/10, with an initial buy-and-reverse stop set at 49.00.

****

REVIEW OF PREVIOUS MODEL PORTFOLIO ACTIVITY

So far this year we have had a total of 37 completed trades, with 22 winners and 15 losers bringing us a total net profit of $11,360.00. The largest profit for a single trade has been $1,875.00, with our winners averaging $652.18; the largest single-trade loss has been $475.00, with our losers averaging $199.20. The overall average profit per trade has been $307.03, and the mean duration of our trades has been 9.9 trading days.

During 2009 we had a total of 147 completed trades, with 81 winners and 66 losers bringing us a total net profit of $53,328.00. The largest profit for a single trade was $5,700.00, with our winners averaging $904.36; the largest single-trade loss was $1,200.00, with our losers averaging $315.53. The overall average profit per trade was $362.78, and the mean duration of our trades was 7.8 trading days.

During 2002-2009 inclusive we averaged 176 trades per year, with 49.9% winners and 50.1% losers for an average annual return of 36.68%. The largest profit for a single trade was $9,240.00, with our winners averaging $702.68; the largest single-trade loss was $1,336.00, with our losers averaging $286.11. The overall average profit per trade was $208.99., and the mean duration of our trades was 10.0 trading days.

*****

CURRENT POSITIONS IN THE MODEL PORTFOLIO

Amkor Technology Inc. (AMKR) - bought 1,500 shares at 6.88 on 03/24/10; currently 7.02. Raise stop to 6.90.

Avon Products Inc. (AVP) - bought 300 shares at 33.40 on 03/29/10; currently 34.13. Raise stop to 33.45.

Brown Shoe Company Inc. (BWS) - bought 700 shares at 15.50 on 03/29/10; currently 15.88. Raise stop to 15.35.

Jos. A. Bank Clothiers, Inc. (JOSB) - bought 200 shares at 52.20 on 03/29/10; currently 56.85. Raise buy-and-reverse stop to 54.40.

Zimmer Holdings, Inc. (ZMH) - bought 200 shares at 57.50 on 03/15/10; currently 59.99. Raise stop to 58.65.

*****

MARKET SECTOR STRENGTH AND WEAKNESS

STRONGEST MARKET SECTORS LAST WEEK:

Silver; Wholesale Medical Equipment; Gold; Copper; Independent Oil and Gas

WEAKEST MARKET SECTORS LAST WEEK:

Manufactured Housing; Regional Investment Brokerages; Resident Construction; Diagnostic Substances; Rubber and Plastics

*****

ASTRO-TRADING GANN PLAN:
GO ONLINE FOR ASTROLOGICAL EVENTS DURING THE COMING WEEKS

"I know in each moment I am free to decide."

Whether you are day-trading or just looking for optimum entry and exit points for longer-term trades during the course of a particular trading day, an awareness of the intraday astrological aspects at work can alert you to significant opportunities and potential pitfalls.

As a Gold Member of the FinancialCyclesWeekly.com web site, you have full access to the Gold Gann Plan Monthly Planning Calendar in the "Gold Member Exclusives" section of the site. Log on at http://www.FinancialCyclesWeekly.com with your Username and Password, and then enter the Members Area to find this high-value feature.

The events on this monthly calendar are calculated for New York time, but are listed around the clock and throughout the week so you can apply them to Forex, to global markets or to events outside of your trading day as well. Heliocentric aspects are noted as such; all other aspects are geocentric. Note that in order to save space this calendar excludes most lunar aspects, which can also be important in moving markets as well.

While the Gold Gann Plan Monthly Planning Calendar acknowledges and honors the work of the legendary trader W. D. Gann, it only reflects a small portion of the wisdom that Gann brought to the markets during the last century. For more Gann Plan trading insights be sure to read the free GANN PLAN TRADING LETTER. The current issue can be downloaded without charge or obligation at http://www.gannplan.com. New issues of the letter appear at irregular intervals, so be sure to get your free subscription when you visit the site; you'll be notified about each new issue as soon as it is available. There is other Gann astrology information you may find useful in the book GANN SECRETS REVEALED, available from the publisher at http://www.harmonicresearchassociates.com or from Amazon.com.

*****

STOCKS TO WATCH: CNQ, EQR, GMCR, JOYG, TIF.

Canadian Natural Resources Limited (CNQ)
NYSE - optionable
First Trade Date: 07/31/2000; 09:30 a.m.

Transiting Jupiter is on its way to a conjunction with the CNQ First-Trade Descendant as transiting Mars gets ready to goose the First-Trade Sun. This is a positive combination, and with transiting Saturn staying pretty much out of play as far as CNQ is concerned during the next couple of weeks, we expect to see a solid price advance which will get extra support from transiting Kronos sesquiquadrate First-Trade Uranus, transiting Vulcanus sesquiquadrate First-Trade Pluto, and transiting Cupido semi-square First-Trade Poseidon. Second-harmonic planetary price lines for the Sun and Apollon have done a good job of identifying important price dynamics for this stock (see the current trading chart for CNQ in the Gold Member Exclusives section of our membership website at http://www.FinancialCyclesWeekly.com), which has just broken dramatically above an Apollon line to confirm the appropriateness of a long position. We plan to add one during the first part of the trading week; our initial stop will be set at 69.50.

Equity Residential (EQR)
NYSE - optionable
First Trade Date: 08/12/1993; 09:30 a.m.

Transiting Saturn is currently conjunct the EQR First-Trade Mars, and is on its way to conjoin the First-Trade Ascendant and square the First-Trade Midheaven. At the same time, the planetary price lines for geocentric eighth-harmonic Saturn have been helping to keep this stock trading in a fairly congested range. Our expectation is that this restrictive structure will pick up some intensity from first-harmonic Venus, and in fact it seems that planetary price lines for Venus, Saturn, and Zeus have been defining the price movements for this stock in the past (see the current trading chart for EQR in the Gold Member Exclusives section of our membership website at http://www.FinancialCyclesWeekly.com). Based on this analysis, we plan to sell EQR short early in the trading week; our initial buy stop will be set at 40.50.

Green Mountain Coffee Roasters Inc. (GMCR)
NASDAQ - optionable
First Trade Date: 09/21/1993; 09:30 a.m.

Transiting Saturn is hitting the GMCR First-Trade Sun/Zeus conjunction, so it hasn't been surprising to see this stock going through some consolidation during its recent weeks of trading. But transiting Mars is getting ready to reactivate this First-Trade horoscope, providing potential triggers for higher price action in GMCR with quintiles to First-Trade Mercury and First-Trade Apollon, a trine to the First-Trade True Lunar Node, and a conjunction with the First-Trade Midheaven. Sixth-harmonic Sun and Saturn lines help definite the trading structure for this stock (see the current trading chart for GMCR in the Gold Member Exclusives section of our membership website at http://www.FinancialCyclesWeekly.com), and we have just seen a solid push above an increment of the Sun line, hinting at the likelihood of higher prices ahead. Our plan is thus to enter a long position early in the trading week; our initial stop will be set at 92.25.

Joy Global, Inc. (JOYG)
NASDAQ - optionable
First Trade Date: 08/01/2001; 09:30 a.m.

Transiting Jupiter is square the JOYG First-Trade Midheaven, but we still have negative expectations for this stock, mainly due to transiting Saturn square First-Trade Venus, square First-Trade Kronos, and biquintile First-Trade Uranus; and to transiting Mars sesquiquadrate First-Trade Hades and opposition First-Trade Neptune. The last time we traded JOYG we observed the impact of heliocentric Mercury, Saturn, and Poseidon, and those same planetary price lines are still active in providing potential price resistance (see the current trading chart for JOYG in the Gold Member Exclusives section of our membership site at http://www.FinancialCyclesWeekly.com ). Our plan is thus to sell JOYG short early in the trading week, with an initial buy stop set at 59.25.

Tiffany and Company (TIF)
NYSE - optionable
First Trade Date: 05/05/1987; 09:30 a.m.

Jupiter will be crossing the TIF First-Trade Midheaven on April 15, but until then there's a solid possibility of higher prices for this stock, thanks to transiting Jupiter square First-Trade Kronos, First-Trade Chiron, and First-Trade Mars, to Jupiter quintile First-Trade Neptune, and to transiting Mars sesquiquadrate the First-Trade Midheaven. With a sixth-harmonic Jupiter planetary price line that had previously provided resistance now turning into support, and with TIF advancing nicely above a sixth-harmonic Pluto line as well (see the current trading chart for TIF in the Gold Member Exclusives section of our membership site at http://www.FinancialCyclesWeekly.com ), we are ready to add a long position to the Model Portfolio early in the trading week. Our initial stop will be set at 46.25.

*****

FINANCIAL CYCLES WEEKLY (ISSN 1055-8527) is published by Taylor-Bost Consulting and Financial Cycles Weekly and edited by Tim Bost at 6103 Misty Oaks Street, Sarasota, FL 34243 USA. Phone: 941-351-2888. Web: http://www.FinancialCyclesWeekly.com. Entire contents © copyright 2010 Timothy L. Bost. No portion of Financial Cycles Weekly may be reproduced without the publisher's written permission. Subscriptions to FINANCIAL CYCLES WEEKLY are available at a part of FinancialCyclesWeekly.com Gold Membership at $39.00 per month for weekly issues sent by email, payable by monthly billing to a major credit card. Advance payment options (by credit card, check, or money order) are $259 for 6 months, $499 for 1 year or $949 for two years. All subscriptions are payable in US funds only-Visa, MasterCard, American Express, and Discover accepted; please make checks or money orders payable to Financial Cycles Weekly. To subscribe online go to http://www.FinancialCyclesWeekly.com/public/10.cfm .

By providing a source of independent market analysis, the purpose of FINANCIAL CYCLES WEEKLY is to foster the growth of person-centered business and investment astrology; to enhance the development and dissemination of financial literacy and prosperity consciousness; and to explore the use of technical analysis and financial astrology in promoting an esoteric spiritual understanding of economic trends, geocosmic cycles, geopolitical events, and market movements. FINANCIAL CYCLES WEEKLY is a general interest publication which is prepared from astrological information, news reports, cycle projections, and market observations which are believed to be accurate and reliable, but which cannot be guaranteed. Portfolio and trading reports in this publication do not include taxes and transaction fees, which should be taken into consideration by prospective traders and investors. Even with accurate information, past performance is no guarantee of future results. Speculation in securities and commodities involves considerable financial risk, and readers who plan to invest or speculate in securities or commodities mentioned in FINANCIAL CYCLES WEEKLY have the complete responsibility for making themselves fully aware of all the risks involved before they invest. The editor may or may not have positions in the securities and commodities discussed in this newsletter, and the information in FINANCIAL CYCLES WEEKLY should in no way be understood or construed as a solicitation or an offer to buy or sell any products or securities, nor should the material published in this newsletter be considered buy/sell advice.

*****