Sunday August 31, 214

$SPY, I just posted the most recent details on the Alpha One Model Portfolio for review.  I will be keeping an especially attentive eye on $ACT, $AVGO, $CAVM and $LUV from the watch list this coming week for possible additions to the portfolio.  Currently the portfolio is 62% Long in accordance with the Allocation Model and I won’t push that into the coming week.  Still watching $XEC for an exit point following the downgrade in opinion but it has not rolled over as of yet so I am still long and following it closely.

Over the years I have come to value the work of three men from Wall Street Ralph Acampora, Art Cashin and Byron Wein.  None of the three is right all of the time but each is a far superior market technician than can be found on the internet or popular T. V. programs.

Byron Wein wrote an article titled ‘Smart Money: Upbeat Amid Headwinds’, which was published in Barron's on August 29, it is well worth your time to locate and read if you have the opportunity.  In it he summarizes the reactions to the current global economic and political scenario as seen through the eyes of the business leaders who attend his summer luncheon meetings in a environ Easts of Manhattan.  In my opinion it is well done and well worth your time an effort.

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