WealthProtect Status Update: November 2015

We email the status of our WealthProtect System* monthly and give probability (Low, Mid, High) of a change in status within the next two months. We also include a commentary on actions taken this month as well as changes in overall asset allocation.

Commentary

US equities, specifically large cap stocks, almost triggered back in this month. REITs moved in the other direction and triggered back out. US equities, REITs, and Developed Foreign equities are all fairly close to their trigger line. In the US equity space, the gain has mostly been in the large capitalization weighted indices. The median stock has not faired nearly as well, with the NYSE index still well off its highs earlier in the year. While US stocks may certainly resume their upward march, we believe this type of market action is symptomatic of topping action in a late stage bull market. On a more positive note, we anticipate that the entry points into emerging markets, natural resource equities, and commodities-when they eventually appear-will be significantly lower than when our system signaled an exit.

Thank you for your trust.

*The Armstrong Wealth Management Group WealthProtect System is an investment risk control system designed (but not guaranteed) to limit significant losses in major bear markets (excess of 30% loss from market peak to market trough). It is NOT designed to prevent normal market losses (under 20%). No strategy can assure a profit or protect from a loss. Occasional false signals can reduce returns.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Stock investing involves risk including loss of principal.

International and emerging market investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.

Investing is Real Estate Investment Trusts (REITs) involves special risks such as potential illiquidity and may not be suitable for all investors. There is no assurance that the investment objectives of this program will be attained.

The fast price swings in commodities will result in significant volatility in an investor's holdings.

All performance referenced is historical and is no guarantee of future results.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

The forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

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