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The Momentrix View of the Markets for Tuesday June 28, 2011

The markets enjoyed a very nice upside move yesterday, the S&P 500 closed up almost 1.3%. The move lacked the volume to make technicians excited but the price move should be respected. The low volume, quarter end market up phenomenon, and the intermediate downtrend keep our portfolio on the defensive.
We are not forced to move aggressively here as the portfolio has been able to outperform the market each of the last 2 days with 40% cash. Performance is being driven by, but not limited to, CRR, DLTR, HS, LULU, NFLX, QCOR and ULTA.
            Our portfolio has weathered the most recent storm this quarter so far, up almost 2% QTD, and YTD up 15.9%.