On the surface, the market isn’t much changed from where it was when we published our last Letter—the major indexes continue to chop around as uncertainties in Europe dominate the headlines. And accordingly, we haven’t really changed our stance much in the Model Portfolio. However, we’re growing increasing optimistic that the next big move is likely up, partly because of our still-bullish indicators, partly because of the tightening action seen in leading stocks, and partly because, when the market can’t go down on the repeated barrage of negative headlines, it’s usually a good thing. If the market can decisively move higher, we’ll be looking to put a good amount of cash to work. For now, though, we’re content to hold a few top performers and let the market pull us into a more heavily invested position through positive action. In tonight’s Letter, we write about a handful of potentially leading stocks, including one that is set to tackle a huge opportunity—see page 5 for more. All told, we feel the next few weeks will be important, so open up tonight’s Letter for all our latest thoughts.