Saturday, April 11, 2015

Market Update - April 11, 2015

The stock market grinded higher most of last week as SP500 closed higher four out of five days. The lack of any sharply higher days has kept the bullish enthusiasm at relatively low levels.

The earnings season hits full stride next week with 15 companies reporting next Tuesday and 46 on Wednesday. The season peaks on April 30 when 392 companies report. The continued lowering of earnings expectations may end up being a positive as very weak numbers may already be factored into some of the beaten down stocks.

As of now market seems healthy. Bears had there chances in March, but now its time to see how bulls fight back.

As mentioned few months ago, UST team was working on a unique asset allocation model to capitalize on stocks in a bull market, staying with the trend and minimizing the trades for effective portfolio management. Although we will discuss the model is greater detail in future, the model has been in use since November and results seem promising.


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