Sunday, May 18, 2014

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

 

4 comments:

  1. Is there minimum market cap and/or liquidity to portfolio selections? JRN at $400MM mkt cap and 150k avg vol seem rather thin.

    ReplyDelete
  2. No. But I do limit my selections to Value Line's 1700 rated stocks. I don't use the ratings themselves, but just use it as a pink sheet filter.

    ReplyDelete
  3. Does that filter end up being a subset of Russell 3000 roughly? (I assume North America traded tickers only).

    ReplyDelete
  4. No. It includes foreign companies. As long as a company is real I can deal with the rest on my own.

    ReplyDelete