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79 names in +511 Club & 34 Names are +80 RS
Hi-
Here is how the 7 leaders from the last post did on Fri:
SSI 2.36%
RYAAY 0.69%
ADBE 0.65%
CHH 0.33%
TRLA -0.54%
TMH -0.71%
EPL -2.06%
I do not consider this constructive price action from leaders, even though an equal weighting across the 7 names would have shown a gain.
Also, note the MEM models for both $SPX and $COMPQ have turned off their buy switch last week; so, NO new buys for me.
My exposure is about 6% net long on leaders (GILD, TRLA, LIFE, TSLA, a few others) - These are small test positions that I did not sell when the Buy Switches went Off. I also have another 6% in a few dividend ETF payers (REM, EMLP, CHI) which are less volatile and I am holding for some yield.
I will continue to publish the .xls of +511 Club so we can see which names attract institutional buying and show the best RS during this corrective phase - these leaders usually (but, not always) turn-up a couple of weeks prior to the market bottoming. Thus, we can be best prepared for when the market conditions become favorable.
Shawn
+511 Club's - Apr 22, 2013.xlsx
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