Bob; The Magic Ten is my animal, I may have miss stated a little
on how I made it up. NB is really #25 in the S&P , but it's the
first Bank you come to going down the list and I felt I had to
have at least one bank. TRV and CCI run close and could replace
it if their market cap gains just a little more.
Like I told Monty the Magic Ten won't stay the same over time,
It's just a blend of SUPER CAPS I made to check against the
^HFX or super cap index, when I found out the ^HFX only had
5 stocks I kinda stopped relying on it as much. <G>
But I do like to see them confirm one another, before I
feel strong about direction..
While the Index funds do not control the market, they play a
strong part, and these stocks give me a simple blend of the
Top runners the Index Funds have to buy and sell to stay in step,
and manage their inflow or out flows.
They tend to lead ( signal ) the market direction, I don't maintain that they are the best performers, but they don't do bad , and are
liquid. They may not beat the internuts but they beat the indexes.
BTW I weight them as close as I can to how they are weighted in
the S&P ( percentage wise ) right now they are heavy on tech,
but big cap tech.
While I would not want to be short over the weekend I think the
Bears are conviced she is going on down and are still shorting.
Jim
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