Overview

Equity indices are probing new highs on multiple timeframes. Breadth is improving. Bullish sentiment is at historical averages.

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

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Here's the weekly charts of the Dow, Transports, NASDAQ, and Russell 2000:-

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Breadth via the Cumulative Advance/Decline for the NYSE and S&P 500:-

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Sector Analysis

Technology and Consumer Discretionary are the leading pair.

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They're followed by Industrials, Materials, and Healthcare which all improved.

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Utilities and Staples are weakening but remain above their MAs. The bottom three are Financials, Real Estate, and Energy:-

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Alpha Capture Portfolio

Our model portfolio enjoyed another good week, climbing +3.3% vs +1.5% for the S&P. It's fully allocated across 12 names with total open risk of 8.7%. Our cash is down to just 7% having added to an existing position during the week.

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Watchlist

Not many changes to our list this weekend, which continues to be dominated by technology and consumer discretionary.

Here's a sample from the full list of 30 names:-

$STT

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$PAH

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$MASI

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$JNPR

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$WDC

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$MKSI

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$FCAU

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$PYPL

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$YNDX

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$PCLN

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