Due to my schedule this is a briefer report than usual this weekend.

Overview

The long term uptrend for US equities remains intact. Most of the major indices consolidated the previous weeks gains and are sitting just above their respective 50-day and 10-week MAs. Breadth is close to its highs, while sentiment remains cautious in an historically negative month for equities.

Here's the S&P on a daily and weekly chart, followed by the NYSE Cumulative Advance/Decline line:-

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Sector Analysis

The leading sectors are Healthcare, Utilities, and Real Estate.

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They're followed by Technology (weakening), Materials, and Staples (improving). All are above their 50-day. Below them are Industrials, and Consumer Discretionary (weakening). At the bottom and below their 200-day MAs, we have Energy, although it is still improving, and Financials which broke its 200-day before posting a small bounce Friday.

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Alpha Capture Portfolio

Our model portfolio slipped -0.5% on the week vs -0.6% for the S&P. It has 10 positions, total open risk of 5.3%, and 15% cash.

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Watchlist

Our watchlist remains fairly broad but Healthcare, Technology, and Consumer Discretionary are the dominant sectors.

Here's a sample from the full list:-

$TREE

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$HDB

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$ED

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$SB

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$ILMN

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$VRTX

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$NVDA

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$OLED

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$ALGN

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$WYNN

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