Weekend Review and Watchlist

Overview

Not much of a change this week. The Dow, S&P, NASDAQ all closed at all time highs on both a daily and weekly close basis. Breadth remains supportive, just below its highs. Bullish sentiment is elevated in institutional surveys, but well below the historical average in retail surveys.

Here's the S&P on a daily and weekly:-

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Sector Analysis

Tech and Industrials are the leading pair this weekend, followed by Financials, Consumer Discretionary, and Materials.

Tech and Industrials:-

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They're followed by Healthcare, and Consumer Staples, which continue to recover strongly, overtaking Energy which remains subdued. Utilities are recovering more slowly, and Real Estate is the only Sector SPDR still below its 200-day MA.

Healthcare and Consumer Staples:-

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Alpha Capture Portfolio

Our model portfolio edged higher +0.2% vs +1.3% for the S&P. That takes it to +2.3% YTD. We have one new exit signal this weekend which will leave us with 11 positions, total open risk of 5.9%, and around 12% cash.

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Watchlist

Our watchlist is again dominated by the leading sectors of Financials, Industrials, and Technology / Consumer names.

Here's a sample from the full list of 25 names:-

$CMA

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$WTFC


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$BRK.B

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$GD

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$ROP

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$SWKS

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$MRVL

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$YNDX

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Posted to Alpha Capture on Feb 20, 2017 — 6:02 PM

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