$SPY, STUDY, Another strong week for the
Alpha One Model, no additions to the holdings in this equity portfolio but a
nice gain in the accrued market value of the portfolio holdings, up
$1,521.62 or 4.78% for the week, while
the Options Trading added $3,950.56 on average invested capital of $10,086.90
or a 39.17% gain on trades. Again, not something everyone can or should do, but
with a little work and discipline it is well worth the time and effort.
An overall strong performance among the small
and mid-cap stocks suggests that there could be more upside to come for the
overall market. However, don’t get carried away. There are some negative
divergences between the prices of the major indexes and their technical
indicators. The shorter term Market Model shows 3 of the four member caring Sell
recommendation and the recommended Asset Allocation level remains at 62.5% Long
and 37.5% Cash. With nothing but news to drive the markets for the next few
weeks it wouldn’t be surprising should bulls take a rest as the S&P 500
approaches its record at 2117.
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