Weekend Review and Watchlist

Overview

US equities are at all time highs. Breadth is too. Far from showing complacency, bullish sentiment is at the bottom of its normal range. The current bull market is now one year old and looks to be in good shape.

Here is the S&P on a daily and weekly chart:-

In addition, the Dow, NYSE Composite, Dow Transports, and Russell, all made all time highs on a daily and weekly basis. The NASDAQ, Midcaps, and Microcaps, made all time highs on a weekly close basis.

The bull market that began in July 2016 is now one year old.

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Breadth is at all time highs.

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Bullish sentiment isn't.

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Sector Rankings

Industrials and Materials at all time highs lead the way.

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They're followed by Healthcare, Tech, Financials, Cons Discretionary, and Real Estate which are all above their 20, 50, 200-day MAs.

At the bottom we Have Utilities, Consumer Staples, both below their 20 and 50-day, and Energy once again attempting to rally.

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Alpha Capture Portfolio

Our model portfolio finished +0.6% on the week vs +1.4% for the S&P.

There are 10 open positions, with total open risk of 6.3%, and 9% cash.

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Watchlist

A more extensive list this week which should come as no surprise with the market at all time highs along with breadth.

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

$RGLD

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$A

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$ISRG

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$VEEV

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$SEDG

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$ASML

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$CTSH

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$AMT

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$SQ

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$HTHT

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Comments

Weekend Review and Watchlist

Overview

A holiday-shortened week, so this will be brief, but essentially very little changed. The major indices are at or just below their highs, with sector rotation clearly evident. Breadth remains strong, while bearish sentiment increased as the weakness in ...

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Comments

Weekend Review and Watchlist

Overview

A couple of weeks vacation away from the day to day noise of markets can help give you some much needed perspective. I highly recommend it. Let's take a look at where things stand.

The S&P is 1 ...

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Comments

Weekend Review and Watchlist

Overview

On the surface not a lot changed this week, the trend and overall breadth of the market remain strong, but drilling down into specific sectors and individual names, we saw many tech and momentum stocks declining 5% or more ...

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Comments

Weekend Review and Watchlist

Overview

The S&P 500, Dow, NASDAQ, NYSE Composite, and Midcap Index, all closed at all time highs. Seven of the ten S&P Sector SPDRs are at all time highs. Breadth is at all time highs. Bullish sentiment remains below average ...

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Comments

Weekend Review and Watchlist

Overview

The S&P 500 and NASDAQ finished Friday at all time highs. The Dow, NYSE Composite, and Midcap Index all managed all time highs on a weekly close basis. Breadth is also at new highs.

The Transports, Russell, and Microcap ...

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Comments

Weekend Review and Watchlist

Overview

The S&P went from all time highs to below its 50-day MA in a day, before recovering to finish less than one percent from its highs. Breadth improved, and bullish sentiment sank to levels not seen since November. This ...

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Comments

Weekend Review and Watchlist

Overview

The S&P edged to fresh all time highs but finished modestly lower on the week. Technology, and Consumer Discretionary sectors continue to lead, despite the weakness in specific retailers. Breadth has deteriorated slightly, but bullish sentiment has declined too ...

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Comments

Weekend Review and Watchlist

Overview

The S&P and NASDAQ closed at all time highs Friday. The new high on the S&P took out the previous level from March 1st. Its most recent pullback was only 2.8%, briefly penetrating its 50-day MA before resuming ...

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Comments

Weekend Review and Watchlist

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 ...

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Comments

Weekend Review and Watchlist

Overview

Equities recovered well this week led by gains in Industrials, Consumer Discretionary, Materials, and Technology. Energy slumped to six-month lows, and was joined to the downside by Healthcare. The leaders of the last few weeks - Utilities and Consumer Staples ...

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Comments

Weekend Review and Watchlist

Overview

Equity markets weakened further with the major indices finishing a holiday-shortened week at the lowest levels in 2 months. Longer term the uptrend remains intact, but near-term breadth has deteriorated, and sentiment is negative with measures such as the ...

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Comments