CYTK - Weekly Barometer: Momentum Gauges Near One-Year High As Breakouts Continue
The Portfolio Barometer
This article continues the weekly update on market conditions based on the types of portfolios that are outperforming or absent from the list of top-performing stocks. Portfolio strategies may experience the same autocorrelation that sustains strong price movements among momentum stocks, both positively and negatively. Using an inductive portfolio model approach that goes where the types of returns in the market are strongest, I monitor different fundamental, value, momentum, forensic, and anomaly portfolios from financial research to create a portfolio barometer.
I also use this inductive portfolio approach to select the 20