Weekend Review and Watchlist

Overview

US equities are at all time highs. Breadth is too. Bullish sentiment has returned to elevated levels.

The S&P, Dow, and NYSE Composite finished at all time highs on a daily and weekly close basis.

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The NASDAQ, Midcap, and Microcap closed at all time highs on a weekly close basis. The Transports and Russell are still just shy of all time highs. Breadth via the NYSE Cumulative Advance/Decline is at all time highs.

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Sector Analysis

Among the S&P Sector SPDRs Technology, Industrials, and Materials are leading, followed by Healthcare, and Real Estate, all of which are above their 20, 50, and 200-day MAs.

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They're followed by Utilities and Staples which are weakening. Then comes a resurgent Financials sector, and Consumer Discretionary, both of which are below their 50-day. Energy remains the only sector below its 200-day, but it continues to improve and it's looking more likely to have finally bottomed.

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Beyond the Sector SPDRs, two standouts are Semiconductors (SMH), and Robotics/AI (BOTZ) both at all time highs.

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Alpha Capture Portfolio

Our model portfolio climbed +1.4% vs +1.6% for the S&P, performing in line with the market for three straight weeks. It's currently more or less fully invested with eleven names, total open risk of 6.8%, and around 6% cash.

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Watchlist

Our watchlist is largely unchanged with representation mostly from Technology, Healthcare, and Consumer Discretionary sectors.

Here's a sample from the full list of 24 names:-

$ROP

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$VRTX

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$UCTT

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$SWKS

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$ANET

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$TSLA

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Posted to Alpha Capture on Sep 17, 2017 — 5:09 PM

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