I designed my Active Asset Allocator investment strategy to deliver a consistent level of positive returns over time with a strong focus on capital preservation. It has required significant patience to remain defensively positioned throughout 2015 but that decision is starting to pay dividends now. The Sell signal generated in October 2014 is still active. A break in the S&P 500 below 1,867 (3% below today's level of 1,922) will likely trigger an increase in selling pressure. We remain in full defensive mode for now, 20% equities / 30% bonds / 30% gold / 20% cash.