Week 21 Performance - Up 3.23%

Week 21
Dow -1.52%
S&P -.61%
NASDAQ +1.17%
LiveRocket +3.23%

YTD
Dow 3.66%
S&P 3.77%
NASDAQ 6.12%
LiveRocket 12.31%

Since Inception
Dow 5.6%
S&P 6.2%
NASDAQ 7.9%
LiveRocket 23%

Another good week with a solid 3%.
The Fed raised rates and indicated that this may not be over. The market sagged a bit, except for techs, which continue to be where the growth is. We are entering earnings season and some excitement is building.

I also liked the slight slowdown in activity that was reported. It reinforces my idea that an inventory flushing out was needed after holiday season.
As for consumer spending being low - this should not be a surprise. We are just out of a big holiday spending season and coming up on tax season. The important factor is consumer confidence - which is high.

We had a lot of new 52 week highs. So lets re-cap performance.

FINANCIALS
ET – Up 4% on strong volume this week. And that's AFTER the Fed Rate increase. AMTD was similarly up. Also set a new 52 week high this week
GHL – Flat for the week. This is after setting a new 52 week high this week.

COMMODITIES & EQUIPMENT
GRP – Up 3.5%. Considering the pop up in oil, I would have been worried if it didn't pop up as well.
JLG - Flat. On the one hand, with oil up we should have expected some upside. I think the split this week may have added some rise which would normally have been followed by some softening. Instead, I wonder if the oil bump offset any negative flow. Oh, and it hit a new 52 week high this week.
JOYG - Down 1.5%. Volumes are sagging. No news.
MDR - Down 1%. Hit a new 52 week high and then backed off.
TIE – Up 9%. Solid volume and it hit a new 52 week high. Oh baby!

HI TECH
STX – Up 8%. It's returning to the levels it had earlier this month
MRVL – Down 6%. I mentioned that I am seeing MRVL weakness and I do. I thought $55 was the floor, but it looks to be a bit lower. I still believe that they are vastly underpriced.
TRID – Down 5%. After rising 11% last week, some pullback is ok. A new 52 week high. One important thing I read in the news was the report that Circuit City made huge sales based on strong flat panel TV sales. (This corroborates with what I previously had heard and mentioned here.) This should translate into strong sales for TRID.

HEALTH
NTRI – Up 10%. Wow. It touched $48.55 before pulling back a bit. We are almost breakeven after a wild ~25% swing down. And on super strong volume.
TEVA – Down 2%. No news.