Recent Articles in Sector Review

We have not made any sector changes in this report, but we have made stocks changes, selling two of our high relative strength tech names.

We sold all trading positions into the end of January. We recommended buying them back as SPY hit 380 and have sold them again as SPY moved into the 420 area. Now, we expect a move down to the 380-area once again.

Stocks have remained in the trading range. It looks as if our trading range scenario is accurate, and SPY hit our downside target on high emotion.

Value stocks have had some trouble but still look better intermediate-term.

Stocks rallied in January, especially junk tech. It looks as if we are seeing the beginning of our trading range scenario, and indicators are weakening.

We still believe that the current rotation away from old leadership into value-oriented names is a real theme for the next few months and possibly years.

Stocks have formed a low, and we expect a yearend rally. It looks as if we are set up for our yearend rally scenario, although we are seeing more weakness than expected. However, internals are weakening.

Stocks have formed a low, and we expect a yearend rally. It looks as if we are set up for our yearend rally scenario. Internals are still weak and a concern, but the price pattern has improved.

We move XXXXXX to an Equal Weight and XXXX to an Underweight.

Stocks look to have put in the first part of a low at the end of the second quarter, as we expected. Now, it looks as if we are retesting, and should chop around and base in this area.

We still believe that the current rotation away from higher P/E names into Value oriented names is a real theme for the next few months and possibly years.

We have hit our first price targets for this decline, however. We move ??? to Overweight and ??? to Equal Weight.

The current market weakness is expected and may be over in the second quarter, soon in other words.

We have hit our first price targets for this decline. Internals continue to suggest a defensive stance as we move into the end of the second quarter.

The current market weakness is expected and may not be over. We believe that the current rotation away from higher PE names into Value oriented names is a real theme for the next few months and possibly years

Internals continue to suggest a defensive stance as we move into the end of the quarter. We will look at our quarterly indicators then, to determine if a more aggressive stance is warranted.

This current market weakness is as we have expected. We made a defensive shift in allocations at the end of 2021. Internals continue to suggest a defensive stance as we move into March.

Short-term indicators are weakening, and longer-term indicators are overbought, suggesting a defensive stance as we move into 2022.

The yearend rally progressed on schedule but may be ending. We will make a defensive shift in allocations. Short-term indicators are weakening, and longer-term indicators are overbought, suggesting a defensive stance as we move into 2022.

The yearend rally is underway. Our positioning looks appropriate now. Short-term indicators are slightly overbought, and could see a pause, and while longer-term indicators are still overbought, this should not affect trading into the end of 2021.