Strong earnings from Apple, Texas Instruments and Caterpillar did not help the market today and we saw about a 1% sell-off across various markets. Our positions in Nasdaq 100 (which was unchanged on the day) and the banking sector considerably outperformed the broader market.

Yahoo came out with earnings after hours which were better than expected. Wednesday brings data on inflation at the consumer level.

Portfolio moves for Tomorrow (Wednesday):

The Dynamic Signal Strategy is 100% long; our position remains in US large cap value and we shifted at the close from Nasdaq 100 to US small cap value.

The Market Rotation Strategy shifts from Nasdaq 100 to US small caps.

The Sector Rotation Strategy moves from banking back into precious metals.