$SPY The
Alpha One Model Portfolio was up 380 basis points last week through Wednesday
while for the full week the market as measured by the gain in the S & P 500
was up 272 basis points and it was challenging market in many perspectives.
There
will not be much market talk tonight; the past week was very difficult for me
in many ways most particularly medically.
Wednesday evening found me admitted through the local Emergency room to the
hospital with Thursday filled with two successful emergency operations. I am very grateful to the God of my
understanding for his loving care in all aspects of my life. He certainly does a much better job of
running it than I ever did.
Positions
were added in an attempt to keep abreast of the changing Asset Allocation
Recommendations with the additions of $AGN Allergan, Inc., $GMCR, Keurig Green Mountain
Inc, $KNX, Knight Transportation, and $VRX, Valeant
Pharmaceuticals Intl Inc.
In the coming week in addition to
$ALXN and $ROST from the prior watch list I will be focusing on $FWRD, Forward
Air Corporation, $MJN Mead Johnson Nutrition CO, and $SNA, Snap-on
Incorporated.
We have gotten a full Bullish list
on the Alpha Market Models and the Asset Allocation has crept up to the 50%
Long – 50% Cash level. Earnings reports
are encouraging and it is time to put a lid on this trading year. The
sharp rise in the past couple of weeks left behind many investors
under invested. When that happens, it usually means that near term downside is
limited. Any overbought pullback is likely to get bought. We are still in the
“don’t fight the center bankers” market.
Be cautious but be aware.
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