$SPY, $STUDY, After a month of
strong performance, stocks closed out February on a lower note Friday as
economic data wasn’t all that inspiring with stocks being at record highs.
While stocks in general had a
fabulous February, the Alpha One Model is on fire. The
Year-to-date performance is strong and the holdings continue to gain
momentum. (Please review the detail by
clicking on the ‘Alpha One Model’ in the menu bar above.) The Asset Allocation
Model remains at 75% Long and 25% Cash with the portfolio at 55% Long.
The performance has been so strong
that I personally do not feel compelled to add to the risk exposure at this
time. The coming week will see me
watching daily, with interest of course, trading the SPY Options while remaining
cautious.
Friday saw the VIX (13.34) settling
at the lowest level since early December, suggesting that there wasn’t much
fear in the market, which is not a particularly good omen I might add. Odds
still favor higher prices after some near term consolidation/pullbacks.
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