The Black Box is on a sell signal, but that looks close to being invalidated.
It's not the first time the Black Box has given a signal a little bit ahead of the move. We are also in the favorable season and in the monthly strength period.
I still have some cash, long low-beta stuff, some oil, and some small caps.
My thoughts are that pullbacks should be bought. The Europe stuff seems to be resolved for now, and America is in gridlock through at least the 2012 election -- positives for the market!