Returns for week ending 5/13/11

Returns for the past week:
Model portfolio: -3.2%
Managed account (actual): -1.9%

Value of $10,000 invested in model portfolio at inception in 2003: $289,727

Note: In my managed accounts I continue to hold more cash than the model portfolio. I expect to continue with a higher cash balance for the duration of this intermediate cycle. e.g. until the Thrust / Trend Model throws a "fresh" BUY cycle.