The Daily Decision for 7.20.17 - LEADERS +14.5% in 2017


The Early Take on the Market:
The ECB meeting, the ongoing healthcare circus, and of course, the earnings parade are in focus this morning. So far at least, Super Mario hasn't done or said anything to surprise the markets, which is being taken as a modest positive so far. In addition, there is some economic data on tap as well as a couple big earnings reports after the bell (MSFT and V). In the early going on Wall Stret, it appears to be largely more of the same - a steady march higher for stocks. Finally, our indicators are starting to perk up as our "trading mode" models now favor a "trending" environment. Using history as our guide, this means it is time to increase exposure to market risk.

Turning to our portfolio...

LEADERS Model: The LEADERS model currently holds Technology, Healthcare, and Materials. As for performance, we continue to be pleased as the LEADERS model is up +14.5% ytd compared to 10.5% for S&P 500.

CORE EXPOSURE Model: The CORE model's exposure is now below today's target at 50% vs. 100%. As such, we will be looking for an opportunity to increase our Core exposure level in the near term.

TRADING Model: We currently hold trades in the India Small Caps, Eurozone, a dividend-payer ETF, and the emerging markets. We are on the lookout for a good setup to fill out our trading holdings.

How To Use the DDTS Models: We trade the 3 models independently to allow for the use of the models on a standalone basis. If we were forced to utilize just one model to follow, it would be the LEADERS for growth orientation, the CORE for a more conservative, risk managed approach, and the TRADING model for an opportunistic "value-add" trading ...

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The Daily Decision for 7.17.17 - LEADERS Model +13.7% YTD


The Early Take on the Market:
China's economy, activist activity in a little company named Procter & Gamble, earnings, and of course, the circus in Washington are in focus this morning. The good news is China's GDP growth ...

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Indicator Review: Not Much To Complain About

Good Monday morning and welcome back. It's the start of a new week so let's get right to our objective review the key market models and indicators and see where things stand. To review, the primary goal of ...

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The Daily Decision for 7.13.17 - LEADERS Up 12.8% YTD


The Early Take on the Market:
Janet Yellen's semi-annual Congressional testimony (which is likely to be her last such trip to Capital Hill) is once again the primary focal point in the markets today. Yesterday, Yellen surprised traders by ...

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Yellen Sounding More Like Yellen Again

When it comes to the markets, the slightest change in the narrative can make all the difference at times. And based on the market action yesterday, this might be one of those times.

I wrote on Wednesday that rising bond ...

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The Next Problem Could Be...

Don't look now fans, but bonds may be back on the list of things to worry about in the stock market. Jeff Gundlach, who has apparently been anointed the new king of the bond market, has suggested that bonds ...

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The Daily Decision for 7.11.17 - LEADERS +11.6% YTD


The Early Take on the Market:
Goldman's call on oil, global rates, and the political mess with Russia remain in focus this morning. And with Janet Yellen's testimony before Congress starting tomorrow as well as some important economic ...

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What I've Learned About Bear Markets

As you are likely aware, I've been at this game for a fair amount of time now. Starting in the financial services business straight out of college in 1980, I began gravitating toward the stock market and by 1987 ...

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Time To Stay Alert

Good Monday morning and welcome back. It's the start of a new week as well as the semi-official start of the second half of the year, so let's get right to our objective review the key market models ...

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Uh, What He Meant To Say Is...

On Tuesday, the stock market experienced its biggest decline in a month (which isn't really saying much based on the lack of volatility seen since mid-May) on the back of a confluence of negative inputs. One of the primary ...

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Apparently It Takes A Village

When a decline in the S&P 500 approaches -1%, I tend to sit up and take notice. Especially when the decline occurs during a period of low volatility and/or comes out of the blue. And generally speaking, when such ...

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A Fool's Errand

As we entered calendar year 2017, hope reigned supreme. There was hope for tax reform, reduced legislation, and a plan to rebuild America's infrastructure. And with Republicans controlling the White House and both houses of Congress, getting the new ...

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