Tuesday 10/8/24 11:10 am
We focus on Sector etf and Stock Investing Strategies using an algorithmic trading model that
analyzes Relative Strength, Momentum, MACD and On Balance Volume indicators to select Stocks and ETFs. The portfolio is predominantly long, but can go short depending on market conditions. A small select group of 2x Index ETFs are also key parts of our portfolio mix.
Follow the Top 3 Sector Portfolio up 21% so far in 2024 with the SP500 rising 19% as of 9/30/24.
Our Aggressive Growth Portfolio is up 41% so far this year. This portfolio features a mix of stocks and Sector ETFs.
And our new Top 3 Sector/Stock/Dividend Stock Plus portfolio which we started in January 2023, is up a very strong 42% versus the SP500's gain of 19%.
The Top 3 Sector Mission
Highest Total Return thru Sector ETFs and Stocks showing strong momentum and relative strength, in industries that disrupt, innovate and improve the way the world works.
Top 3 Sector Site Map
Today's Action Note - we publish our report between Noon and 1:00 pm
Market Dashboard Stock indices, Adv/Decline, Volume, VIX, TICK, Commodities
Stocks/ETFs showing Above Average Daily Volume
AAII Investor Sentiment - Fear/Greed Index of the Week
Today's Sector ETFs - Best and Worst
Stock Market Update
2024 YTD Best and Worst Sector ETF and Stock Performance
Stocks In The News Today – Earnings, Upgrades/Downgrades
SP 500 & Nasdaq Current Charts
Stocks We Are Watching Now
Top 3 Sector, Top 3 Plus & Aggressive Growth Portfolio Performance 2024 YTD Buy/Sell Stops
Best Dividend ETFs for 2023
In Our Archives (click "Top 3 Strategy" tab at top of site)
How the "Sell 1/3" Program Works - EBAY chart
The 10 Day/ 21 Day Moving Average Market Timing Signal
Why Dividends Should Always Be Invested
Warren Buffett's $1 M Bet the SP500 Index Fund Would Beat A Hedge Fund
The "Seven Percent Rule" To Cut Losses
CNBC's Josh Brown's Chart - How Many Years To Double/Triple Your Investment?
The Power Of Reinvested Dividends - How an SP500's Gain of 491% From 2009 Becomes +675% If You Reinvest Dividends
The Secret To How The Top 3 Sector Portfolio Outperforms the SP500
STOCK MARKET SNAPSHOT
Tuesday 10/8/24 11:10 am
Dow up 24 points, SP500 +.6%, QQQ +1%, Russell +.2%. Adv/Decline 1300/1350,
VIX falls 5% to 21.37, Dollar Flat, Oil down 4.8%, Gold -1%, Bitcoin -1%
Top 10 Stocks In QQQ at 11:10 am
Zanger Volume Ratio - Today
Exclusive Indicator only available on E-Signal platform
Shows Percent Change Above or Below Average Daily Volume
Sector ETFs Stocks
Sectors
Stocks
*Note: The Zanger Ratio is quite different from overall volume indicators, in that
it shows a particular stock's volume change above or below its average daily volume,
which is much more indicative of what's happening with that stock than simply high volume. It is exclusive to E-signal, our proprietary software program and not available anywhere else.
Stock Index Performance So Far In 2024
SP500 + 20%
Nasdaq QQQ: + 19%
SP500 Eq Weight + 12.5%
Dow Industrials + 12%
Russell 2000: + 8.5%
The AAII Investor Sentiment Survey 10/3/24
Bulls fall 4% to 45.5% and Bears rise 4% to 27.3%, but still very bullish on the whole. This survey, like the Fear Greed survey, was taken prior to the ending of the dock strike and the big jobs surprise on Friday, so it should Bulls should be higher next week.
The Fear/Greed Index
The Index moves up 6 points to 74 this week, on the edge of pushing into EXTREME FEAR. Investors are encouraged by the Fed’s .5% rate cut, and this reading was taken prior to the end of the port strike, and the blow-out jobs number on Friday, which sent all major stock indices higher.
We expect to see the Extreme level hit next week following those events. Getting a bit too hot now.
Important Events For This Week
Wednesday
Taiwan Semi 3rd quarter earnings
Helen of Troy earnings
Thursday
September Consumer Price Index
Tesla Robo taxi event at Warner Bros movie lot
Delta Airlines earnings
Domino’s Pizza earnings
Tilray earnings
Friday
September Producer Price Index
JP Morgan reports earnings
Wells Fargo earnings
BlackRock earnings
Bank of NY Mellon earnings
Today's Best and Worst Sectors At 11:05 am
Today's Best and Worst Stocks At 11:05 am
*These select stocks and Sector ETFs are chosen for their representation of key Sectors, and large
trading volume. We are aware that not all stocks are covered. As bellwether stocks , they show where the big money is flowing in, and even more importantly, where the money is flowing out of.
Today's Stock Market Action
Tuesday 10/8/24
S&P 500 rebounds from Monday’s decline as oil prices ease: Live updates
The S&P 500 rebounded on Tuesday following a losing session on Wall Street with oil prices and bond yields in focus.
The S&P 500 gained 0.6% and the Nasdaq Composite rose 1.2%. The Dow Jones Industrial average added 20 points.
West Texas Intermediate oil futures dropped nearly 5% Tuesday after rising to start the week, as traders monitored Israel’s expected retaliation to Iran missile attacks and U.S. efforts to stave off a wider war in the region.
“The war seems to be on the forefront of everybody’s mind,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management. “Bigger picture is the election and there are a lot of uncertainties revolving around taxes and how that’s going to impact earnings potentially going forward.”
Technology shares powered higher Tuesday, with Nvidia and Apple last up 3% and 2%, respectively. Meta Platforms, Tesla and Microsoft rose at least 1% each.
Stocks have been volatile this month as fears of an escalating conflict in the Middle East mount. Rising bond yields have also weighed on the market as of late, with the 10-year Treasury yield touching its highest level since Aug. 1 Tuesday.
The market rallied a bit to end last week after a blockbuster jobs report. The Dow even managed to notch a new all-time closing high on Friday. But that enthusiasm faded this week as investors reasoned that now the Federal Reserve may not be as aggressive with future rate cuts with the labor market still strong, leading the major averages to a losing session Monday.
Short-term economic data has further signaled a resilient economy, boosting fears that the Federal Reserve may “drag their feet” on interest rate cuts from here, added Dakota’s Pavlik.
Oil is selling off after surging on Middle East war fears
Crude oil futures were down nearly 3% in morning trading as fears of imminent retaliation by Israel against Iran have eased somewhat.
U.S. crude oil was down $2.25, or 2.92%, to $74.89 per barrel at around 9:17 a.m. ET. Global benchmark Brent had fallen $2.26, or 2.79%, to $78.67 per barrel.
Oil prices surged 13% through Monday’s close since Iran launched about 180 ballistic missiles at Israel last week. Iran’s attack had raised fears that Israel might retaliate by hitting the country’s oil industry. President Joe Biden, however, has publicly discouraged Israel from taking this course.
The market was also disappointed that Chinese officials did not announce new stimulus at a press briefing Tuesday. Prior to the escalation in the Middle East, the oil market was swept by bearish sentiment on soft demand in China and worries that crude supplies will outpace global demand next year.
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Sector ETF Performance in 2024
China FXI +51%, Bitcoin +47%, SMH +43%, SSO +37%, QLD +30%,
GLD +28%, Utilities +27%, Telecom +24%, Home Builders ITB +21%, Defense +21%
Stock Performance in 2024
NVDA +160%, TSM +78%, META 68%, Broadcom +61%, LLY +55%,
WMT +52%, Raytheon +49%, NFLX +46%, TOL +46%
STOCKS IN THE NEWS TODAY 10/8/24
Click on stock name for real time quote
Tuesday 10/8/24 11:00 am
China stocks – U.S.-listed shares of Chinese companies fell after China’s state planner Zheng Shanjie failed to announce any new economic stimulus plans. Online video company Bilibili tumbled more than 13%, while automaker Nio and Temu parent PDD each fell more than 9%. E-commerce companies JD.com and Alibaba also fell nearly 9% and 7%, respectively.
Wynn Resorts, Las Vegas Sands – Shares of the casino operators, which both have resorts in Macau, China, fell more than 4% and 3%, respectively, after China skipped new stimulus measures.
DocuSign – Shares in the electronic signatures company climbed more than 5% on news it will replace MDU Resources in the S&P 500 MidCap 400 index effective Friday.
Super Micro Computer – The stock rose 4%, extending Monday’s gains, when the computer server maker jumped nearly 16% after saying it recently deployed more than 100,000 graphics processing units with its liquid cooling solution for “some of the largest AI factories ever built” as well as other cloud service providers.
Nvidia – The dominant maker of chips powering artificial intelligence applications moved up nearly 2% following Foxconn chairman Young Liu’s comments that the boom in artificial intelligence “still has some time to go.” Liu said that demand for Foxconn servers based on Nvidia’s upcoming Blackwell chip – which are on track to ship this quarter – is “much better than we thought.”
Wells Fargo – The bank rose more than 1% after Wolfe Research upgraded the lender to outperform from peer perform. The firm said the bad news surrounding Wells is “fully baked in” to the stock price.
Humana – Shares rose nearly 1% after Bernstein upgraded the health insurer to outperform from market perform. The investment firm believes Humana is “now an attractive investment” following recent losses.
Microsoft – Shares moved fractionally lower after Oppenheimer downgraded the Xbox owner to perform from outperform. The investment bank said it was concerned about estimated losses at OpenAI of as much as $3 billion in fiscal 2025 on slow AI adoption by business.
PepsiCo – The Gatorade and Frito-Lay parent edged down less than 1% after third-quarter revenue came in lighter than expected. PepsiCo reported $2.31 in adjusted earnings per share on $23.3 billion of revenue. Analysts surveyed by LSEG had projected $2.29 per share on $23.8 billion of revenue. The company also lowered its outlook for organic revenue.
SP500 and Nasdaq QQQ Indexes
SP500 etf SPY - running in place
Nasdaq 100 QQQ - Tight trading range past week
Hot Stocks & Sectors We Are Watching Today
Stocks selected are based on our 8 proprietary technical indicators we use in
all of our portfolio screening which include relative strength, momentum,
Multiple MACD Buy/Sell timing triggers, and on balance volume.
Chart Key For All Charts:
White line: 10 Day Moving Avg
Green line: 21 Day MA
Orange: 50 DMA
Pink: 100 DMA
Blue: 150 DMA
Red: 200 DMA
Charts To Watch Today - The Strong And The Weak
Adobe
Nvidia
Semi etf SMH
Lilly
Palo Alto Networks
Adobe
Top 3 Sector Portfolio Preferred Stocks/Sector ETFs
Current Stock/ETF Recommendations
Index: QLD, SSO
Tech/Software/Comm: META, NVDA, PANW, MSFT, AMZN,AMAT,
Robotics BOTZ, AIEQ, CRWD, SMH, BRCM
Consumer Discr: KO, BKNG, NFLX, AZO, COST, MCD
Industrials: GE, MMM, CAT, JETS (Airlines), PAVE (Infrastructure)
Housing:
Health Care: Intuitive Surg ISRG, LLY , XBI, AMGN, MRK, MDT
Energy: CCJ Cameco uranium, URA, Energy etf XLE, XOM
Utilities: IDU etf, VZ, ATT
Defense: Defense etf ITA, XAR (Aerospace etf), RTX, LHX
Finance: JPM, MA, GS, SPGI, Banking etf KBE, IAK Insurance
Commodities: Oil USO
International: China FXI, Emerg Mkts IEMG
Real Estate: Dividend ETFs: RDIV Rising Div&Rev (4% Div), Rising Dividend RDVY (2% div)
Super Div SDIV (12% div)
Bonds: 1-2 yr Treas SHY (3.8% yld)
Top 3 Sector Portfolios
We track three different types of portfolios, each with their own specific
asset allocations and level of risk.
The Top 3 Sector Portfolio is an all-Sector ETF portfolio. It is a medium to
low risk mix of ETFs that totally avoids the issue of single stock risk. We recommend this portfolio for investors seeking strong returns, but with less risk
higher cash balance, and more diversity.
Our Aggressive Growth Portfolio utilizes a mix of stocks and Sector ETFs
to boost performance. It is a higher risk portfolio than the Top 3 Sector,
and generally out-performs it by 5% to 7%.
Our most speculative portfolio is the Top 3 Sector, Stock and Dividend Plus
Portfolio. As the title implies, it is heavily weighted to Stocks and Sector ETFs
The Top 3 Plus portfolio uses a proprietary algorithm that selects the 3-5 best stocks/etfs based on RSI, Momentum, Relative Volume and performance, constantly updating the top holdings. It is designed for experienced traders, and features a very active management style. It is a high risk/high reward strategy.
Top 3 Sector Update 10/4/24
See individual portfolios below for details.
_______________________________________________________
Top 3 Sector Portfolio
Performance 2024 +21%
The Top 3 Sector Portfolio is up 21% in 2024, versus the SP500's gain of 20%, and the QQQ is up 19%.
The Current asset allocation:
Index 15%, Sectors/ETFs 26%, Dividend ETFs 28%, Cash 31%
Best Performers
#1 SSO 2x SP500 +36%
#2 QLD 2x Nasdaq +30%
#3 Homebuilders ITB +22%
#4 Defense ITA +20%
#5 SPGI SP Global +12%
Buy Stops
Buy 2% Emerg Mkts etf IEMG @ 59.51
Sell Stops
Sell Vang Short Trm Bond VCSH @ 78.60
Ticker Symbols for Top 3 Sector Portfolio:
QLD,SSO,HACK,ITA,SDIV, RDVY,SPGI,ITB,VNQ,VCSH,RDIV,TLT,URA
Aggressive Growth Portfolio
Performance For 2024 +47%
The Aggressive Growth Portfolio which features a mix of ETFs and Stocks
is up 47% for 2024, versus the SP500's +20%.
Current Asset Allocation:
Index 16%, Stocks 33%, Sectors/ETFs 8%, Dividend ETFs 25%, Cash 18%.
Best Performers
#1 META +68%
#2 Intuitive Surgical +57%
#3 SSO 2x SPY +37%
#4 QLD 2x QQQ +31%
#5 Homebuilders ITB +20%
#6 Rising Div RDVY +15%
#7 Palo Alto +16%
Buy Stops
Buy 2% Cameco CCJ @ 52.84
Sell Stops
Ticker Symbols For Aggressive Growth Portfolio QLD,SSO,META,MRK,RDVY,PANW,KBH,SDIV,,ISRG,KBH,ITB,MO,VNQ,XBI
Top 3 Sector/Stock/Dividend Plus Portfolio
Performance For 2024 +44%
The Top 3 Plus portfolio is up 44% for 2024, double the SP500's gain of +20%
Best Performers
#1 Nvidia +161%
#4 Meta + 68%
#3 SSO 2x SPY +37%
#4 QLD 2x QQQ +31%
#5 Netflix +14.5%
Current Asset Allocation:
Index/Sectors 21%, Stocks 43%, Dividend ETFs 14%, Cash 19%
Buy Stops
Buy 2% Wynn WYNN @ 107.85
Sell Stops
Ticker Symbols for Top 3 Plus Portfolio:
QLD,SSO,HACK,NVDA,META,SDIV,GOOGL,NFLX,RDVY,LLY,COST,CLXSPGI
Best Dividend ETFs for 2024
#1 Utilities IDU +28% 2.09%
#2 Vanguard Emerg Mkt VWO +19% 2.47%
#3 Emerg Mkts IEMG 19% 2.54%
#4 Vanguard Div Apprec VIG +15% 1.70%
#5 Rising Div RDVY +14% 1.70%
#7 Rising Div & Revenue RDIV +13% 3.76%
Top 3 Sector Portfolio - Longer Time Frame
Performance From 1/3/23 +72% (20 Months)
Aggressive Growth Portfolio
Performance From 1/3/23 +115% (20 Months)
Top 3 Plus Stock/ETF/Dividend Stock Portfolio
Performance From 1/3/23 +118% (20 Months)
In Our Archives
(Click "Top 3 Sector Strategy" at Top of site)
How the "Sell A Third" protects your profits
Our Best Market Timing Indicator: the 10 Day/21 Day Moving Average Cross Over
The 7% Solution - When To Sell A Stock
CNBC's Josh Brown What Percent ReturCanto Double Your Money In 5 Years?
What Does Top 3 Sector Mean And How Does It Give You An Edge?
How Reinvested Dividends Can Add 50% to 75% To Your Returns
NUALOLO VALLEY, KAUAI
For Real Time Updates and charts - FOLLOW US AT:
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Follow the Top 3 Sector Portfolio up 21% in 2024 and up 73% past 12 months
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