The Market
    
    Technical

      Monday Morning Chartology

    The S&P has stayed within its short term down trend and intermediate term trading range.  It closed near the lower boundary of its intermediate term trading range Friday which I view as a level to nibble.




    Disappointingly, GLD busted well below the lower boundary of its short term up trend.  As you can see, it is near the lower boundary of its intermediate term up trend.  Our Portfolios will not take action until we see whether or not GLD holds that support level.





    Most worrisome is the VIX.  It once again spiked above the upper boundary of its trading range.  While our time and distance discipline applies, if this break is confirmed, it is a negative for stocks.





   Fundamental
    
     Subscriber Alert

    The stock price of South Jersey Industries (SJI-$52) has fallen into its Buy Value Range.  Accordingly, it is being Added to the Dividend Growth Buy List.  No share will be Bought at this time.

    However, in line with our strategy to Buy at the low end of the current trading range, our Portfolios will nibble this morning at the opening.

    The Dividend Growth Portfolio will Add to its holding of CME Group (CME-$280) and start a new position in Lowe’s (LOW-$23)

The High Yield Portfolio will Add to its holding of Energy Transfer Partners (ETP-$48)

The Aggressive Growth Portfolio will Add to its holdings of CME Group (CME-$280) and Lowe’s (LOW-$23).
      
 News on Stocks in Our Portfolios
 
    A top 10 dividend growth list (short):
    http://seekingalpha.com/article/276496-a-top-10-dividend-growth-list?source=email_watchlist

Economics

   This Week’s Data

    May personal income rose 0.3% versus expectations of up 0.4%; personal spending was unchanged versus estimates  of a 0.1% increase.

   Other

    The latest update on the ECRI weekly leading index:
    http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php

    Below average growth in capital spending is factor in our slow growth forecast (short):
    http://scottgrannis.blogspot.com/2011/06/capital-spending-still-strong.html

    Financial profits reduce prosperity (medium):
    http://advisorperspectives.com/dshort/guest/Lance-Roberts-110625-Profits-vs-Prosperity.php