Analyzing Sector Strengths: Indications of an Early to Mid-Cycle Economic Landscape

The current economic landscape appears to be in the early to mid-cycle stage, as indicated by the strong sectors that perform well during this period. Semiconductors (SMH), the technology sector (XLK), and information technology (VGT) all thrive in this phase.  

Additionally, growth-focused sectors like QQQ, large-cap growth (VUG), and the Nasdaq Index (ONEQ) exhibit strength. Consumer discretionary (XLY) also shows promise during the early cycle. 

In terms of communication services, XLC operates effectively during the mid-cycle stage. Among the sectors with weak uptrends, XWEB (internet), XSW (software & services), and XBI (biotech) struggle to maintain their momentum. 

 Discretionary (VCR) and the SP500 (SPY) perform well during the early cycle, the Total Stock Market (VTI) also shows resilience. 

 Transportation (XTN) and extended market (VXF) sectors operate effectively in the mid to late cycle, while small-cap (IWM) and mid-cap growth (VOT) sectors demonstrate their potential. 

 Based on the sector strength information, we can deduce that we are currently in an early to mid-cycle stage of the economic cycle. This deduction is based solely on the sectors currently showing strength.

Stats for 2023-06-02 (1st week of the Month)

Stats for 2023-06-02 (1st week of the Month)

List creation date: 2023-06-02

Median MarketCap: 7145

47.5% stocks on Nasdaq; 52.5% stocks on NYSE/Amex

Sector
Technology	35%
Industrials	20%
Consumer Cyclicals	10%
Consumer Non-Cyclicals	10%
Financials	8%
Healthcare	5%
Energy	5%
Basic Materials	3%
Utilities	3%
Real Estate	3%

Industry
Software	18%
Electrical Componen	8%
Food Processing	5%
Semiconductors	5%
Semiconductor Equip	5%
Industrial Machiner	5%
IT Services & Consu	5%
Communications & Ne	3%
Utilities - Electri	3%
REITs - Specialized	3%
Consumer Goods Cong	3%
Corporate Financial	3%
Investment Manageme	3%
Insurance - Reinsur	3%
Medical Equipment,	3%
Pharmaceuticals	3%
Oil & Gas - Related	3%
Oil & Gas - Transpo	3%
Metals & Mining - I	3%
Aerospace & Defense	3%
Construction & Engi	3%
Business Support Se	3%
Hotels, Motels & Cr	3%
Restaurants & Bars	3%
Advertising & Marke	3%
Retailers - Miscell	3%
Non-Alcoholic Bever	3%

Country
United States	85%
Bermuda	3%
Chile	3%
Ireland	3%
Israel	3%
Netherlands	3%
Norway	3%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.96	NOW	Software	Technology	110994	US	ServiceNow
3.96	PANW	Software	Technology	65266	US	Palo Alto Networks
3.96	OPRA	Software	Technology	1414	Norway	Opera Ltd
3.92	CDNS	Software	Technology	62966	US	Cadence Design Systems
3.92	TTD	Software	Technology	34259	US	Trade Desk
3.88	PRGS	Software	Technology	2598	US	Progress Software
3.80	MNDY	Software	Technology	8602	Israel	Monday.Com Ltd
3.96	AVGO	Semiconductors	Technology	336858	US	Broadcom
3.92	RMBS	Semiconductors	Technology	6962	US	Rambus
3.96	ASML	Semiconductor Equip	Technology	290549	Netherlands	ASML Holding NV (ADR)
3.96	ACLS	Semiconductor Equip	Technology	5154	US	Axcelis Technologies
3.92	MANH	IT Services & Consu	Technology	11253	US	Manhattan Associates
3.80	FTNT	IT Services & Consu	Technology	53653	US	Fortinet
3.92	NSSC	Communications & Ne	Technology	1367	US	Napco Security Technologies In
3.96	VRT	Electrical Componen	Industrials	7329	US	Vertiv Holdings Co
3.92	HUBB	Electrical Componen	Industrials	15137	US	Hubbell
3.80	ETN	Electrical Componen	Industrials	70114	Ireland	Eaton PLC
3.96	IR	Industrial Machiner	Industrials	22920	US	Ingersoll Rand
3.80	FLS	Industrial Machiner	Industrials	4269	US	Flowserve
3.96	HWM	Aerospace & Defense	Industrials	17668	US	Howmet Aerospace
3.96	EME	Construction & Engi	Industrials	7837	US	Emcor Group
3.80	FLYW	Business Support Se	Industrials	3327	US	Flywire
3.92	RCL	Hotels, Motels & Cr	Consumer Cyclicals	20707	US	Royal Caribbean Cruises Ltd
3.96	CMG	Restaurants & Bars	Consumer Cyclicals	57290	US	Chipotle Mexican Grill,
3.92	IAS	Advertising & Marke	Consumer Cyclicals	2930	US	Integral Ad Science Holding Co
3.96	ELF	Retailers - Miscell	Consumer Cyclicals	5603	US	elf Beauty
3.96	LW	Food Processing	Consumer Non-Cyclicals	16202	US	Lamb Weston Holdings
3.92	BRBR	Food Processing	Consumer Non-Cyclicals	4863	US	Bellring Brands
3.80	COCO	Non-Alcoholic Bever	Consumer Non-Cyclicals	1502	US	Vita Coco Company
3.96	GE	Consumer Goods Cong	Consumer Non-Cyclicals	110562	US	General Electric Co
3.84	FTAI	Corporate Financial	Financials	2797	US	FTAI Aviation Ltd
3.84	ARES	Investment Manageme	Financials	26033	US	Ares Management
3.84	SPNT	Insurance - Reinsur	Financials	1517	Bermuda	Siriuspoint Ltd
3.96	TDW	Oil & Gas - Related	Energy	2279	US	Tidewater
3.88	LPG	Oil & Gas - Transpo	Energy	932	US	Dorian LPG Ltd
3.80	SIBN	Medical Equipment,	Healthcare	886	US	SI-Bone
3.96	AMPH	Pharmaceuticals	Healthcare	2142	US	Amphastar Pharmaceuticals
3.92	CRS	Metals & Mining - I	Basic Materials	2214	US	Carpenter Technologyorati
3.96	ENIC	Utilities - Electri	Utilities	3808	Chile	Enel Chile SA - ADR
3.92	RHP	REITs - Specialized	Real Estate	5069	US	Ryman Hospitality Properties I

---

0GPA38TB

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
10%	GE	GENERAL ELECTRIC CO	GE		Consumer Non-Cyclicals	9	$952.2	10.8%	$105.8
9%	NVO	Novo Nordisk A/S Adr	NVO		Healthcare	5	$785.7	8.9%	$157.14
32%	QQQ	Powershrs Qqq Trust Sr 1	QQQ		n.a.	8	$2,837.2	32.3%	$354.65
30%	SPY	SPDR S&P 500	SPY		n.a.	6	$2,567.5	29.2%	$427.92
0%	ASML	A S M L Holding N.V. NY	ASML	added	Technology	0	$0.0	0.0%	$724.65
0%	AVGO	Broadcom Limited	AVGO	added	Technology	0	$0.0	0.0%	$812
9%	MDLZ	Mondelez Intl Inc Cl A		removed	Consumer Non-Cyclicals	11	$817.0	9.3%	$74.27
9%	SYK	STRYKER CORP		removed	Healthcare	3	$834.9	9.5%	$278.3

---

These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	1	VUG	Large Cap growth		2023-06-02
growth	5.25	3	SMH	Semiconductors	Early to Mid Cycle	2023-06-02
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-06-02
growth	5.25	1	QQQ	Growth		2023-06-02
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-06-02
growth	5.00	1	SPY	SP500		2023-06-02
growth	4.50	2	VTI	Total Stock Market+*		2023-06-02
cyclical	5.25	14	TQQQ	Growth		2023-06-02
cyclical	4.50	5	XBI	Biotech*	Early to Mid Cycle	2023-06-02
cyclical	4.50	2	XSD	Semiconductor+		2023-06-02
cyclical	4.50	7	VGK	Europe+		2023-06-02
cyclical	5.25	8	XLC	Communication Services	Mid Cycle	2023-06-02
cyclical	5.25	10	ONEQ	Nasdaq Index		2023-06-02
cyclical	5.25	7	XHB	Homebuilders		2023-06-02
cyclical	5.25	5	VOX	Telecom	Recession	2023-06-02
cyclical	5.00	3	XLY	Consumer Discretionary	Early Cycle	2023-06-02
cyclical	5.00	11	UPRO	SP500		2023-06-02
cyclical	5.00	3	XSW	Software & Services		2023-06-02
cyclical	5.00	1	VCR	Discretionary	Early Cycle	2023-06-02

---

These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	1	VUG	Large Cap growth		2023-06-02
growth	5.25	1	QQQ	Growth		2023-06-02
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-06-02
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-06-02
growth	5.25	1	SPY	SP500		2023-06-02
growth	5.25	2	VTI	Total Stock Market+*		2023-06-02
cyclical	5.25	12	UPRO	SP500		2023-06-02
cyclical	5.25	12	INDA	India*		2023-06-02
cyclical	5.25	10	ONEQ	Nasdaq Index		2023-06-02
cyclical	5.25	14	TQQQ	Growth		2023-06-02

---

These selected stocks are ideas in the current market environment.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA
1	5.25	1	MSFT	Microsoft Corp	Software	2023-06-02	3.88
2	5.25	0	FICO	Fair Isaac Corp	Software	2023-06-02	3.40
3	5.25	1	CTAS	Cintas Corporation	Business Support Services	2023-06-02	3.76



Stats for 2023-05-26 (4th week of the Month)

Stats for 2023-05-26 (4th week of the Month)

List creation date: 2023-05-26

Median MarketCap: 6167

42.4% stocks on Nasdaq; 57.6% stocks on NYSE/Amex

Sector
Technology	33%
Industrials	21%
Consumer Cyclicals	12%
Consumer Non-Cyclicals	9%
Energy	9%
Financials	6%
Utilities	3%
Academic & Educational S	3%
Healthcare	3%

Industry
Software	15%
Electrical Componen	9%
Construction & Engi	6%
Oil & Gas - Transpo	6%
Semiconductors	6%
Semiconductor Equip	6%
Utilities - Electri	3%
Miscellaneous Educa	3%
Online Services	3%
IT Services & Consu	3%
Industrial Machiner	3%
Business Support Se	3%
Hotels, Motels & Cr	3%
Leisure & Recreatio	3%
Advertising & Marke	3%
Retailers - Miscell	3%
Non-Alcoholic Bever	3%
Food Processing	3%
Consumer Goods Cong	3%
Corporate Financial	3%
Insurance - Reinsur	3%
Pharmaceuticals	3%
Oil & Gas - Related	3%

Country
United States	79%
Chile	3%
Ireland	3%
Israel	3%
Netherlands	3%
Norway	3%
Uruguay	3%
Bermuda	3%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.96	NOW	Software	Technology	102390	US	ServiceNow
3.96	OPRA	Software	Technology	1332	Norway	Opera Ltd
3.88	SDGR	Software	Technology	2656	US	Schrodinger
3.80	PLTR	Software	Technology	25896	US	Palantir Technologies
3.80	MNDY	Software	Technology	7843	Israel	Monday.Com Ltd
3.96	AVGO	Semiconductors	Technology	283312	US	Broadcom
3.96	RMBS	Semiconductors	Technology	6240	US	Rambus
3.96	ASML	Semiconductor Equip	Technology	269879	Netherlands	ASML Holding NV (ADR)
3.92	ACLS	Semiconductor Equip	Technology	4614	US	Axcelis Technologies
3.84	FTNT	IT Services & Consu	Technology	52286	US	Fortinet
3.92	MELI	Online Services	Technology	64473	Uruguay	MercadoLibre
3.96	HUBB	Electrical Componen	Industrials	14739	US	Hubbell
3.96	VRT	Electrical Componen	Industrials	6167	US	Vertiv Holdings Co
3.84	ETN	Electrical Componen	Industrials	67033	Ireland	Eaton PLC
3.96	EME	Construction & Engi	Industrials	7687	US	Emcor Group
3.80	DY	Construction & Engi	Industrials	2848	US	Dycom Industries
3.92	IR	Industrial Machiner	Industrials	23021	US	Ingersoll Rand
3.80	FLT	Business Support Se	Industrials	17164	US	Fleetcor Technologies
3.88	RCL	Hotels, Motels & Cr	Consumer Cyclicals	19758	US	Royal Caribbean Cruises Ltd
3.92	LTH	Leisure & Recreatio	Consumer Cyclicals	3829	US	Life Time Group Holdings
3.92	IAS	Advertising & Marke	Consumer Cyclicals	2798	US	Integral Ad Science Holding Co
3.96	ELF	Retailers - Miscell	Consumer Cyclicals	4607	US	elf Beauty
3.88	LPG	Oil & Gas - Transpo	Energy	941	US	Dorian LPG Ltd
3.80	MMP	Oil & Gas - Transpo	Energy	12587	US	Magellan Midstream Partners LP
3.96	TDW	Oil & Gas - Related	Energy	2492	US	Tidewater
3.80	COCO	Non-Alcoholic Bever	Consumer Non-Cyclicals	1333	US	Vita Coco Company
3.96	BRBR	Food Processing	Consumer Non-Cyclicals	4794	US	Bellring Brands
3.96	GE	Consumer Goods Cong	Consumer Non-Cyclicals	109963	US	General Electric Co
3.84	FTAI	Corporate Financial	Financials	2784	US	FTAI Aviation Ltd
3.88	SPNT	Insurance - Reinsur	Financials	1533	Bermuda	Siriuspoint Ltd
3.96	AMPH	Pharmaceuticals	Healthcare	2128	US	Amphastar Pharmaceuticals
3.96	ENIC	Utilities - Electri	Utilities	3954	Chile	Enel Chile SA - ADR
3.84	LAUR	Miscellaneous Educa	Academic & Educational S	1932	US	Laureate Edu

---

0GPA38TB

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
10%	GE	GENERAL ELECTRIC CO	GE		Consumer Non-Cyclicals	9	$924.7	9.7%	$102.74
9%	MDLZ	Mondelez Intl Inc Cl A	MDLZ		Consumer Non-Cyclicals	12	$901.6	9.5%	$75.13
9%	NVO	Novo Nordisk A/S Adr	NVO		Healthcare	5	$814.9	8.5%	$162.97
32%	QQQ	Powershrs Qqq Trust Sr 1	QQQ		n.a.	9	$3,135.6	32.9%	$348.4
30%	SPY	SPDR S&P 500	SPY		n.a.	7	$2,940.1	30.8%	$420.02
9%	SYK	STRYKER CORP		removed	Healthcare	3	$817.7	8.6%	$272.58

---

These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	1	QQQ	Growth		2023-05-26
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-05-26
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-05-26
growth	5.25	1	VUG	Large Cap growth		2023-05-26
growth	5.25	3	SMH	Semiconductors	Early to Mid Cycle	2023-05-26
growth	5.25	10	ONEQ	Nasdaq Index		2023-05-26
growth	5.00	3	XLY	Consumer Discretionary	Early Cycle	2023-05-26
growth	5.00	1	SPY	SP500		2023-05-26
growth	4.50	2	VTI	Total Stock Market+*		2023-05-26
cyclical	5.25	15	TQQQ	Growth		2023-05-26
cyclical	5.25	8	XLC	Communication Services	Mid Cycle	2023-05-26
cyclical	5.00	1	VCR	Discretionary	Early Cycle	2023-05-26
cyclical	4.50	4	XHE	Health Care Equipment	Late Cycle to Recession	2023-05-26
cyclical	4.50	5	XBI	Biotech*	Early to Mid Cycle	2023-05-26
cyclical	5.25	5	VOX	Telecom	Recession	2023-05-26
cyclical	5.00	8	VGK	Europe		2023-05-26
cyclical	5.00	12	UPRO	SP500		2023-05-26
cyclical	5.25	7	XHB	Homebuilders		2023-05-26

---

These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-05-26
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-05-26
growth	5.25	10	ONEQ	Nasdaq Index		2023-05-26
growth	5.25	1	SPY	SP500		2023-05-26
growth	5.25	2	VTI	Total Stock Market+*		2023-05-26
growth	5.25	1	VUG	Large Cap growth		2023-05-26
growth	5.25	1	QQQ	Growth		2023-05-26
cyclical	5.25	15	TQQQ	Growth		2023-05-26
cyclical	5.25	12	UPRO	SP500		2023-05-26
cyclical	5.25	12	INDA	India*		2023-05-26

---

These selected stocks are ideas in the current market environment.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA
1	5.25	5	CPRT	Copart, Inc.	Online Services	2023-05-26	3.88
2	5.25	1	MSFT	Microsoft Corp	Software	2023-05-26	3.88
3	5.25	0	FICO	Fair Isaac Corp	Software	2023-05-26	3.44
4	5.25	0	AVGO	Broadcom Inc	Semiconductors	2023-05-26	3.96
5	5.25	2	CDNS	Cadence Design Systems In	Software	2023-05-26	3.92
6	5.25	1	SNPS	Synopsys Inc	Software	2023-05-26	3.84
7	5.25	1	KLAC	KLA Corp	Semiconductor Equipment & Tes	2023-05-26	3.84



Stats for 2023-05-19 (3rd week of the Month)

Stats for 2023-05-19 (3rd week of the Month)

List creation date: 2023-05-19

Median MarketCap: 15646

50.0% stocks on Nasdaq; 50.0% stocks on NYSE/Amex

Sector
Technology	25%
Industrials	19%
Healthcare	17%
Consumer Non-Cyclicals	11%
Financials	8%
Consumer Cyclicals	8%
Energy	6%
Real Estate	3%
Academic & Educational S	3%

Industry
Software	8%
Online Services	8%
Oil & Gas - Transpo	6%
Food Processing	6%
Pharmaceuticals	6%
Biotechnology & Med	6%
Semiconductors	3%
IT Services & Consu	3%
Consumer Goods Cong	3%
Corporate Financial	3%
Insurance - Multili	3%
Insurance - Propert	3%
Advanced Medical Eq	3%
Medical Equipment,	3%
Aerospace & Defense	3%
Industrial Machiner	3%
Electrical Componen	3%
Heavy Electrical Eq	3%
Construction & Engi	3%
Environmental Servi	3%
Business Support Se	3%
Hotels, Motels & Cr	3%
Leisure & Recreatio	3%
Advertising & Marke	3%
Non-Alcoholic Bever	3%
Fintech	3%
REITs - Specialized	3%
Miscellaneous Educa	3%

Country
United States	83%
Uruguay	3%
Bermuda	3%
Cayman Islands	3%
Denmark	3%
Norway	3%
Switzerland	3%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.96	NOW	Software	Technology	100428	US	ServiceNow
3.96	OPRA	Software	Technology	1214	Norway	Opera Ltd
3.88	SDGR	Software	Technology	2029	US	Schrodinger
3.92	MELI	Online Services	Technology	66282	Uruguay	MercadoLibre
3.88	V	Online Services	Technology	476734	US	Visa
3.88	MA	Online Services	Technology	366732	US	Mastercard
3.96	RMBS	Semiconductors	Technology	5829	US	Rambus
3.92	FTNT	IT Services & Consu	Technology	53731	US	Fortinet
3.92	STNE	Fintech	Technology	4538	Cayman Islands	StoneCo Ltd
3.96	HWM	Aerospace & Defense	Industrials	18462	US	Howmet Aerospace
3.92	IR	Industrial Machiner	Industrials	23879	US	Ingersoll Rand
3.92	HUBB	Electrical Componen	Industrials	14737	US	Hubbell
3.80	ABB	Heavy Electrical Eq	Industrials	72623	Switzerland	ABB Ltd (ADR)
3.96	EME	Construction & Engi	Industrials	7867	US	Emcor Group
3.84	RSG	Environmental Servi	Industrials	46032	US	Republic Services
3.80	FLYW	Business Support Se	Industrials	3288	US	Flywire
3.96	NVO	Pharmaceuticals	Healthcare	288207	Denmark	Novo Nordisk A/S (ADR)
3.96	AMPH	Pharmaceuticals	Healthcare	2074	US	Amphastar Pharmaceuticals
3.80	EXAS	Biotechnology & Med	Healthcare	14184	US	Exact Sciences
3.80	XERS	Biotechnology & Med	Healthcare	385	US	Xeris Biopharma Holdings
3.92	BSX	Advanced Medical Eq	Healthcare	76788	US	Boston Scientific
3.80	SIBN	Medical Equipment,	Healthcare	888	US	SI-Bone
3.96	MDLZ	Food Processing	Consumer Non-Cyclicals	105176	US	Mondelez International
3.96	LW	Food Processing	Consumer Non-Cyclicals	16555	US	Lamb Weston Holdings
3.80	COCO	Non-Alcoholic Bever	Consumer Non-Cyclicals	1389	US	Vita Coco Company
3.96	GE	Consumer Goods Cong	Consumer Non-Cyclicals	112675	US	General Electric Co
3.88	RCL	Hotels, Motels & Cr	Consumer Cyclicals	20354	US	Royal Caribbean Cruises Ltd
3.96	BKNG	Leisure & Recreatio	Consumer Cyclicals	99599	US	Booking Holdings
3.92	IAS	Advertising & Marke	Consumer Cyclicals	2510	US	Integral Ad Science Holding Co
3.88	FTAI	Corporate Financial	Financials	2844	US	FTAI Aviation Ltd
3.84	AJG	Insurance - Multili	Financials	46059	US	Arthur J. Gallagher &
3.88	ACGL	Insurance - Propert	Financials	27202	Bermuda	Arch Capital Group Ltd.
3.88	MMP	Oil & Gas - Transpo	Energy	12534	US	Magellan Midstream Partners LP
3.88	LPG	Oil & Gas - Transpo	Energy	885	US	Dorian LPG Ltd
3.84	RHP	REITs - Specialized	Real Estate	5183	US	Ryman Hospitality Properties I
3.80	LAUR	Miscellaneous Educa	Academic & Educational S	1888	US	Laureate Edu

---

0GPA38TB

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
10%	GE	GENERAL ELECTRIC CO	GE		Consumer Non-Cyclicals	10	$1,042.6	10.3%	$104.26
10%	MDLZ	Mondelez Intl Inc Cl A	MDLZ		Consumer Non-Cyclicals	13	$1,001.8	9.9%	$77.06
10%	NVO	Novo Nordisk A/S Adr	NVO		Healthcare	6	$1,023.2	10.1%	$170.54
30%	QQQ	Powershrs Qqq Trust Sr 1	QQQ		n.a.	9	$3,028.6	29.8%	$336.51
30%	SPY	SPDR S&P 500	SPY		n.a.	7	$2,930.3	28.8%	$418.62
10%	SYK	STRYKER CORP		removed	Healthcare	4	$1,141.5	11.2%	$285.37

---

These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	1	QQQ	Growth		2023-05-19
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-05-19
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-05-19
growth	5.25	2	VUG	Large Cap growth		2023-05-19
growth	5.00	1	SPY	SP500		2023-05-19
growth	4.50	3	SMH	Semiconductors+	Early to Mid Cycle	2023-05-19
growth	4.50	2	VDC	Consumer Staples*	Late Cycle to Recession	2023-05-19
growth	4.50	5	XLP	Consumer Staples Select*	Late Cycle to Recession	2023-05-19
cyclical	4.50	1	VCR	Discretionary+	Early Cycle	2023-05-19
cyclical	4.50	2	GLD	Gold+	Inflation	2023-05-19
cyclical	5.00	5	XBI	Biotech*	Early to Mid Cycle	2023-05-19
cyclical	5.25	16	TQQQ	Growth		2023-05-19
cyclical	5.25	7	XHB	Homebuilders		2023-05-19
cyclical	5.25	8	XLC	Communication Services	Mid Cycle	2023-05-19
cyclical	5.25	8	VGK	Europe		2023-05-19
cyclical	5.25	21	RING	Gold Miners	Inflation	2023-05-19
cyclical	5.25	5	VOX	Telecom	Recession	2023-05-19
cyclical	5.00	12	UPRO	SP500		2023-05-19
cyclical	5.00	5	XHE	Health Care Equipment	Late Cycle to Recession	2023-05-19
cyclical	5.00	22	SLV	Silver	Inflation	2023-05-19

---

These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-05-19
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-05-19
growth	5.25	1	SPY	SP500		2023-05-19
growth	5.25	2	VUG	Large Cap growth		2023-05-19
growth	5.25	1	QQQ	Growth		2023-05-19
growth	5.25	3	XLY	Consumer Discretionary+	Early Cycle	2023-05-19
cyclical	5.25	5	VOX	Telecom	Recession	2023-05-19
cyclical	5.25	16	TQQQ	Growth		2023-05-19
cyclical	5.25	13	UPRO	SP500		2023-05-19
cyclical	5.25	8	XLC	Communication Services	Mid Cycle	2023-05-19

---

These selected stocks are ideas in the current market environment.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA
1	5.25	7	BRO	Brown & Brown, Inc.	Insurance - Multiline & Broke	2023-05-19	3.92
2	5.25	5	CPRT	Copart, Inc.	Online Services	2023-05-19	3.92
3	5.25	1	MSFT	Microsoft Corp	Software	2023-05-19	3.88
4	5.25	2	AJG	Arthur J. Gallagher & Co.	Insurance - Multiline & Broke	2023-05-19	3.84
5	5.25	0	FICO	Fair Isaac Corp	Software	2023-05-19	3.32
6	5.25	3	RSG	Republic Services Inc	Environmental Services & Equi	2023-05-19	3.84
7	5.25	2	MMC	Marsh & McLennan Companie	Insurance - Multiline & Broke	2023-05-19	3.68
8	5.25	2	CDNS	Cadence Design Systems In	Software	2023-05-19	3.92
9	5.25	1	MCD	McDonald's Corp	Restaurants & Bars	2023-05-19	3.28
10	5.25	1	LIN	Linde PLC	Chemicals - Commodity	2023-05-19	3.56
11	5.00	1	MSI	Motorola Solutions Inc	Communications & Networking	2023-05-19	3.48
12	5.00	1	AON	Aon PLC	Insurance - Multiline & Broke	2023-05-19	3.48
13	5.00	0	AVGO	Broadcom Inc	Semiconductors	2023-05-19	3.96
14	5.00	1	SNPS	Synopsys Inc	Software	2023-05-19	3.68
15	5.00	1	CTAS	Cintas Corporation	Business Support Services	2023-05-19	3.72



Stats for 2023-05-12 (2nd week of the Month)

Stats for 2023-05-12 (2nd week of the Month)

List creation date: 2023-05-12

Median MarketCap: 16518

38.2% stocks on Nasdaq; 61.8% stocks on NYSE/Amex

Sector
Industrials	18%
Technology	18%
Healthcare	15%
Consumer Cyclicals	15%
Consumer Non-Cyclicals	15%
Financials	9%
Utilities	3%
Real Estate	3%
Energy	3%
Basic Materials	3%

Industry
Food Processing	12%
Biotechnology & Med	9%
Online Services	9%
Software	6%
Leisure & Recreatio	6%
Business Support Se	6%
Construction Suppli	3%
Hotels, Motels & Cr	3%
Casinos & Gaming	3%
Oil & Gas - Transpo	3%
Metals & Mining - G	3%
Aerospace & Defense	3%
Industrial Machiner	3%
Heavy Electrical Eq	3%
Environmental Servi	3%
Non-Alcoholic Bever	3%
Semiconductors	3%
Corporate Financial	3%
Insurance - Multili	3%
Insurance - Propert	3%
Advanced Medical Eq	3%
Pharmaceuticals	3%
Utilities - Electri	3%
REITs - Specialized	3%

Country
United States	76%
Uruguay	3%
Bermuda	3%
Canada	3%
Chile	3%
Colombia	3%
Denmark	3%
Norway	3%
Switzerland	3%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.84	FLYW	Business Support Se	Industrials	3248	US	Flywire
3.80	FLT	Business Support Se	Industrials	16772	US	Fleetcor Technologies
3.96	HWM	Aerospace & Defense	Industrials	18292	US	Howmet Aerospace
3.92	IR	Industrial Machiner	Industrials	23628	US	Ingersoll Rand
3.80	ABB	Heavy Electrical Eq	Industrials	71943	Switzerland	ABB Ltd (ADR)
3.92	RSG	Environmental Servi	Industrials	46838	US	Republic Services
3.92	MELI	Online Services	Technology	64714	Uruguay	MercadoLibre
3.88	V	Online Services	Technology	473906	US	Visa
3.88	MA	Online Services	Technology	362506	US	Mastercard
3.96	OPRA	Software	Technology	1177	Norway	Opera Ltd
3.80	NATI	Software	Technology	7640	US	National Instruments
3.88	RMBS	Semiconductors	Technology	5362	US	Rambus
3.96	BKNG	Leisure & Recreatio	Consumer Cyclicals	97724	US	Booking Holdings
3.96	LTH	Leisure & Recreatio	Consumer Cyclicals	3893	US	Life Time Group Holdings
3.96	TGLS	Construction Suppli	Consumer Cyclicals	2217	Colombia	Tecnoglass
3.84	RCL	Hotels, Motels & Cr	Consumer Cyclicals	19733	US	Royal Caribbean Cruises Ltd
3.84	BYD	Casinos & Gaming	Consumer Cyclicals	7120	US	Boyd Gaming
3.96	MDLZ	Food Processing	Consumer Non-Cyclicals	106075	US	Mondelez International
3.96	LW	Food Processing	Consumer Non-Cyclicals	16264	US	Lamb Weston Holdings
3.92	BRBR	Food Processing	Consumer Non-Cyclicals	4806	US	Bellring Brands
3.88	HSY	Food Processing	Consumer Non-Cyclicals	56030	US	Hershey Co
3.80	COCO	Non-Alcoholic Bever	Consumer Non-Cyclicals	1370	US	Vita Coco Company
3.88	VRTX	Biotechnology & Med	Healthcare	90153	US	Vertex Pharmaceuticalsorpo
3.84	XERS	Biotechnology & Med	Healthcare	402	US	Xeris Biopharma Holdings
3.80	EXAS	Biotechnology & Med	Healthcare	14158	US	Exact Sciences
3.92	BSX	Advanced Medical Eq	Healthcare	76514	US	Boston Scientific
3.96	NVO	Pharmaceuticals	Healthcare	288739	Denmark	Novo Nordisk A/S (ADR)
3.88	FTAI	Corporate Financial	Financials	2777	US	FTAI Aviation Ltd
3.88	AJG	Insurance - Multili	Financials	46550	US	Arthur J. Gallagher &
3.92	ACGL	Insurance - Propert	Financials	28759	Bermuda	Arch Capital Group Ltd.
3.80	LPG	Oil & Gas - Transpo	Energy	883	US	Dorian LPG Ltd
3.96	AGI	Metals & Mining - G	Basic Materials	7193	Canada	Alamos Gold
3.96	ENIC	Utilities - Electri	Utilities	4209	Chile	Enel Chile SA - ADR
3.84	RHP	REITs - Specialized	Real Estate	5333	US	Ryman Hospitality Properties I

---

0GPA38TB

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
10%	GE	GENERAL ELECTRIC CO	GE		Consumer Non-Cyclicals	6	$592.8	10.8%	$98.8
10%	MDLZ	Mondelez Intl Inc Cl A	MDLZ		Consumer Non-Cyclicals	7	$545.2	9.9%	$77.88
10%	NVO	Novo Nordisk A/S Adr	NVO		Healthcare	3	$513.8	9.4%	$171.27
30%	QQQ	Powershrs Qqq Trust Sr 1	QQQ		n.a.	5	$1,625.2	29.6%	$325.03
30%	SPY	SPDR S&P 500	SPY		n.a.	4	$1,646.4	30.0%	$411.59
10%	SYK	STRYKER CORP	SYK		Healthcare	2	$570.9	10.4%	$285.47

---

These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-05-12
growth	5.25	1	QQQ	Growth		2023-05-12
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-05-12
growth	5.00	1	VUG	Large Cap growth		2023-05-12
growth	5.00	1	SPY	SP500		2023-05-12
growth	4.50	9	ONEQ	Nasdaq Index+		2023-05-12
growth	4.50	2	VDC	Consumer Staples*	Late Cycle to Recession	2023-05-12
growth	4.50	5	XLP	Consumer Staples Select*	Late Cycle to Recession	2023-05-12
cyclical	5.00	5	XBI	Biotech*	Early to Mid Cycle	2023-05-12
cyclical	4.50	2	GLD	Gold+	Inflation	2023-05-12
cyclical	5.00	5	XHE	Health Care Equipment	Late Cycle to Recession	2023-05-12
cyclical	5.00	5	VOX	Telecom	Recession	2023-05-12
cyclical	5.25	13	UPRO	SP500		2023-05-12
cyclical	5.25	18	TQQQ	Growth		2023-05-12
cyclical	5.25	20	RING	Gold Miners	Inflation	2023-05-12
cyclical	5.25	23	SLV	Silver	Inflation	2023-05-12
cyclical	5.25	8	XLC	Communication Services	Mid Cycle	2023-05-12
cyclical	5.25	7	XHB	Homebuilders		2023-05-12
cyclical	5.25	8	VGK	Europe		2023-05-12

---

These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	1	QQQ	Growth		2023-05-12
growth	5.25	6	XLP	Consumer Staples Select*	Late Cycle to Recession	2023-05-12
growth	5.25	3	XLK	Technology Select Sector	Early to Mid Cycle	2023-05-12
growth	5.25	2	VDC	Consumer Staples*	Late Cycle to Recession	2023-05-12
growth	5.25	2	VUG	Large Cap growth		2023-05-12
growth	5.25	1	VGT	Information Technology	Early to Mid Cycle	2023-05-12
growth	5.25	10	ONEQ	Nasdaq Index+		2023-05-12
cyclical	5.25	8	XLC	Communication Services	Mid Cycle	2023-05-12
cyclical	5.25	20	RING	Gold Miners	Inflation	2023-05-12
cyclical	5.25	18	TQQQ	Growth		2023-05-12

---

These selected stocks are ideas in the current market environment.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA
1	5.25	7	BRO	Brown & Brown, Inc.	Insurance - Multiline & Broke	2023-05-12	3.96
2	5.25	2	AJG	Arthur J. Gallagher & Co.	Insurance - Multiline & Broke	2023-05-12	3.88
3	5.25	6	CPRT	Copart, Inc.	Online Services	2023-05-12	3.92
4	5.25	1	MSFT	Microsoft Corp	Software	2023-05-12	3.84
5	5.25	2	MMC	Marsh & McLennan Companie	Insurance - Multiline & Broke	2023-05-12	3.80
6	5.25	0	FICO	Fair Isaac Corp	Software	2023-05-12	3.40
7	5.25	3	RSG	Republic Services Inc	Environmental Services & Equi	2023-05-12	3.92
8	5.25	1	AON	Aon PLC	Insurance - Multiline & Broke	2023-05-12	3.60
9	5.25	1	MCD	McDonald's Corp	Restaurants & Bars	2023-05-12	3.32
10	5.25	1	LIN	Linde PLC	Chemicals - Commodity	2023-05-12	3.68
12	5.00	2	WM	Waste Management, Inc.	Environmental Services & Equi	2023-05-12	3.68
13	5.00	0	AVGO	Broadcom Inc	Semiconductors	2023-05-12	3.96