Elev8

A tough January for trend following. We’ve gone underweight Tech and overweight Discretionary to start February.

Trading Signal: S&P 500 upside break-out to all-time high, Sox Index to multi-month high, XLK/VGT flirting with ATH’s of their own confirming the bull trend on a positive close.  Charts follow positioning update. Elev8 Rebalance: Selling Staples to fund longs in Tech and Materials sectors We recommend going long Technology Sector shares.  Our model uses

Rising Rates has us de-risking and shifting towards more Value exposure from Growth

We maintain overweight positions in Technology, Financials, Comm. Services and Discretionary Sectors as we bet on the persistence of the long-term bull trend for equities to begin 2025

Elev8 Sector Rotation Portfolio: November Attribution Report Our Elev8 Model logged a successful month in November (please see our new Elev8 December Positioning).  Our positioning for November was informed by 3 main components.  The technical setup for each of the 11 GICS Sectors and the stocks within them, our macro-overlay, which considers the trends in

Commodities prices remain low and we don’t think Energy and Materials stocks will continue to move higher while this is the case. Healthcare continues to register as the weakest sector based on our model inputs. We are positioned for the bull trend to continue into year end.

We run the Elev8 Portfolio to keep you up to date with actionable signals and changes in outlook.  Following the resolution of Tuesday’s US Presidential Election, we are adding exposure to the Energy Sector and the Industrial Sector and funding the trade by selling out of our Real Estate Sector position and moving to underweight