Aug. 13 at 1:14 PM
$TMO $MQ $SNDK $MU $SPY
Might See a Grind Higher on Loosening Financial Conditions
My QB500 Models (Top 500 Market Cap) jumped to 63 picks today. You can never be totally sure why these things spike, but you can have an educated guess.
This model has TNX, VIX, and sector indicators in it. It’s probably just picking up easing financial conditions the past day or so after CPI - steady to lower rates, lower VIX and oil and that’s leading it to see more upside opportunities short term. So, I’m thinking we might just get a slow grind higher, barring negative political news.
I’m going to watch how we open. I may take a high number of positions at slightly lower sizes and keep the take profits decently tight. But really no reason to force a bunch of cash to work.
I also have the Tech 100 model, still like it for short term. MU and SNDK on pullbacks. Size in and size out. I’m at about 2% in each right now, might put them back up to 3% on a pullback.
TMO (Healthcare) is the top holding going into today. MQ, NTAP, CRWD, BAND, and SNDK are also near the top with similar position sizes.
Image 1 is Top Picks from the QB500 Models (62 in total above 55% confident)
Image 2 is the QB500 Portfolio History Chart. You can see where it cut the number of picks during the turbulent stretches, then ramped again into the rally. Today’s jump sits in that same pattern.
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