05/18/2014 Wait for it...

Style Model	Large Value
Sector Model	XLU	-1.61%
Large Portfolio	Date	Return	Days
ABX	4/11/2013	-30.78%	402
NEM	9/30/2013	-12.99%	230
BX	4/14/2014	-2.08%	34
TIVO	4/23/2014	-1.91%	25
SHOO	4/28/2014	-5.03%	20
UNF	5/2/2014	-0.68%	16
TIBX	5/5/2014	0.00%	13
EFII	5/7/2014	0.29%	11
CERN	5/8/2014	2.65%	10
PWR	5/12/2014	-2.21%	6
(Since 5/31/2011)
S&P	Annualized	11.91%
Sector Model	Annualized	26.16%
Large Portfolio	Annualized	24.96%

 

Rotation: selling TIBX; buying JRN (in the Newspaper industry).

The past week and a half has been tough on both models, but well within the normal range:

 

Breadth and volume, however, have continued to strengthen in defensive sectors and styles:

	Large Value	Small Value	Mid Value	Mid Blend	Small Growth	Large Growth	Large Blend	Small Blend	Mid Growth
Utilities	1	3	5	6	10	30	35	36	73
Finance	2	7	9	12	15	43	45	46	74
Staples	4	8	11	13	16	50	52	53	75
Materials	14	21	22	25	37	55	56	57	76
Technology	17	24	29	34	44	58	60	63	77
Cyclicals	18	26	31	39	47	59	64	67	78
Industrial	19	27	32	40	48	61	65	68	79
Healthcare	20	28	33	41	49	62	66	69	80
Energy	23	38	42	51	54	70	71	72	81

 

Nothing to do but wait until price catches up to the model.

We have our bait on the hook.  The fish will come to us.

Tim