I thought that now was a good time to zoom out and look at the long-term performance of my system. If nothing else, it gives me the confidence to continue placing trades. My ETF system is no longer defensive and is allocated as per the table below.  

It was a flat week for my ETF system but a great week for the 60/40 portfolio which rose 3%. My system remains defensive as it is now evenly allocated to BIL, IEF, and TIP. I have made an allocation to the trend following ETF, CTA. CTA is the only trend following ETF...

The moves in my ETF system and the 60/40 portfolio were very subdued this week. My system remains 100% allocated to BIL (SPDR 1 - 3 Month Treasuries).