The Leader Board

The Leader Board Report – 3/8/13

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A key step in successful portfolio management is to “Focus on the Leaders.” Our proprietary Adaptive Leadership System tells us which classes are likely to outperform given the current environment and is on display in our Leader Board below.

We have found that by paying attention to where the performance is both in the US market and around the world, it is easier to know where to make investments when money becomes available or when portfolio shifts are warranted.

As you review this report on a weekly basis, you will probably recognize that shifts in leadership are slow to develop. Don’t despair, this is a “big picture” overview and it takes time for changes to occur. However, perhaps the best advice we can provide to visitors is to make a habit of spending just a couple of minutes each week with our Leader Board, the Risk Manager Report, and the Market Models.

Our SOTM reports are brief, to the point, and easy to follow. And while these “big picture” reports aren’t sexy or fast moving, we can assure you that by keeping your portfolio “in tune” with the big picture, your performance will improve dramatically over time.

The Leader Board

US Market: Cap-Size Leaders
Near Term:Small Cap
Long Term:Small Cap
US Market: Style Leaders
Near Term:Value
Long Term:Growth
US Sector Leaders
Buys:1. Health Care
2. Industrials
3. Financials
US Industry Leaders
Buys:1. Homebuilding
2. Asset Management & Custody Banks
3. Specialty Stores
4. Life Sciences Tools & Services
5. Construction & Engineering
Global – Leading Regions
Buys:Asia Pacific
Europe
Global – Leading Countries
Buys:1. Venezuela
2. Greece
3. Japan
Holds:4. Philippines
5. Thailand
6. Austria
7. Switzerland
8. New Zealand
9. Argentina
10. Australia
Top ETF PerformersLast 21 Days
1. Market Vectors Indonesia Small-Cap ETF (IDXJ) +15.07%
2. Guggenheim Airline ETF (FAA)+11.66%
3. iShares MSCI Indonesia Investable Market Index Fd (EIDO) +10.98%
4. KEYnotes First Trust Enhanced 130/30 Large Cap ETN (JFT) +9.99%
5. KEYnotes First Trust Enhanced 130/30 Large Cap ETN (EEH) +9.92%

About the Author

Donald B. Moenning is the head of equity research at Heritage Capital Management, a Chicago-based investment management firm founded in 1989, as well as StateoftheMarkets.com. Don holds degrees in Economics and Business Leadership from the University of Puget Sound, lives in Denver, Colorado, and is an avid snowboarder.