Moving Average ETF Trading Strategy Update for Week Ending 7-31-09

There is no change to the moving average investor's portfolio this week. He checked the 50 day/200 day for all 10 ETFs in the balanced portfolio and there was no change from the week before. A couple of the ETFs not in his portfolio are very close to a moving average cross. Perhaps next week.

His current portfolio consists of 4 ETFs:

• iShares Barclays Aggregate Bond (AGG)
• iShares Barclays 1-3 Year Credit Bond (CSJ)
• Vanguard Emerging Markets Stock ETF (VWO)
• Vanguard Pacific ETF (VPL)