weekend review May 15, 2011

Market in Bull Normal; Market is neutral on a short term basis
Equities were sideways all week, digesting last week’s gains, with a slight advantage to the US and its defensive sectors
Commodities experienced more weakness this week, with silver remaining highly volatile
Rebalancingproject:
- Monthly rebalancing : next re-evaluation on/about 1 June
  - 331 is holding EWA, MDY, IWM;
  - 631 is holding EWA, MDY, IWM
  - Quarterly rebalancing: next re-evaluation on/about 1 July. 333 is holding DIA, MDY, IWM;
ETF2 notes: selling EWG, EWY by rule (below average scores on AVG and STR, and negative on 5 week %)
- Theoretical exposure is recommended at 40%; therefore no new buys
- model portfolio is at 40% after the sells
Making preparations this week for the research weekend and live trading week on KC. Time flies!
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Tortoise Capital Management