Monday, August 5, 2013

X Sector Update

I finally have connectivity back... the folks at Verizon had a bit of a problem making it happen according to schedule, but after 2 1/2 days and 9 hours of tech time the network seems to have reached a semi-steady state.
While I was sweating it out with my move to La Quinta the market displayed the anticipated first of the month rally, taking it to an overbought status on Friday and a not unexpected pullback today.

The momentum rankings have been able to track the recent leaders...XRT, XLY and XLI although the model is still displaying a downslope P6...so our conservative risk management profile of CASH remains intact.