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Friday, March 09, 2007

Atlanta Wealth Expo

The market is poised to open higher with the February jobs data coming in around the consensus levels. As we’ve come to expect, forecasts of a goldilocks economy again dominate the coverage this morning. Earlier this week I noted that in my opinion the market will be range-bound for the next few weeks, with intra-week gains sold off to profit-taking on Friday afternoons. Today will be the first test of that theory.

If the pre-market rally carries through to the close, and the un-winding of the yen carry trade continues to lose significance, there’s reason to believe that the market may be poised to move higher next week. If that’s the case, we will obviously analyze our model portfolio allocations and make any adjustments if needed. In my personal opinion, last week’s correction didn’t go far enough and we need to at least test the low’s again.

On a side note, we’ll be speaking next Saturday, March 17th at The Wealth Expo in Atlanta on adding alpha to an investment portfolio. Our presentation will cover how investors can use the Alpha Advisor Service, LLC bi-weekly newsletter to select alpha-generating investments based on our proprietary quantitative analytic.

Short-Term Technical Indicators

Investor Sentiment

Long-Term Market Model – Bearish since December 8th.

Asset Allocation – AAS Model Portfolios have 50% cash allocations and mixed long – short allocations.

Beta Exposure and Portable Alpha Generation
Date = Date of AAS “Buy” or “Short/Sell” Recommendation

Top Rated Major Market Derivative – No buy recommended major market investments

Top Rated Style-Box Derivative – No buy recommended style-box investments

Top Rated Sector Derivative – No buy recommended sector investments.

Today’s Top “Buy” Recommended Stocks

Chicago Mercantile Exchange (CME 3/6/07)

Vulcan Materials Co. (VMC 10/31/06)

Martin Marietta Materials, Inc (MLM 11/6/06)

Brush Engineered Material (BW 3/6/07)

Precision Castparts Corp. (PCP 9/20/06)

The Goodyear Tire & Rubber Co. (GT 8/24/06)

Belden CDT Inc. (BDC 1/19/07)

Chemed Corp. (CHE 3/8/07)

Ryerson Inc. (RYI 12/7/06)

U.S. Steel Corp. (X 2/28/07)

Today’s Top “Sell” Recommended Stocks

New Century Financial Corp. (NEW 6/13/06)

Meritage Homes Corp. (MTH 12/18/06)

OM Group Inc. (OMG 3/5/07)

Plexus Corp. (PLXS 1/5/07)

Fremont General Corp. (FMT 12/29/06)

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