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AMN Investments
3621 Westbury Way
B'ham, AL 35223
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P: (205) 901-8899
F: (205) 637-3958

February 11, 2012
Domestic Equities have been in the #1 or #2 strongest spot since October. Domestic Equities currently holds the #1 slot among asset classes when ranked by current relative strength signals and with the recent market bounce, has been able to garner enough strength to once again pass the "cash bogey check." This bogey check is a relative strength comparison of an aggregate domestic equity index compared to a cash proxy. In November the Domestic Equity asset class failed its cash bogey check on the lightest trading day of the year, the shortened holiday trading session after Thanksgiving. This is another feather in the proverbial cap of Domestic Equities, which offers clear leadership across the major asset class spectrum. I continue to see more buy signals from individual stocks as evidenced by the fact the NYSE Bullish Percent remains in X's. I also see the trend charts of most major indices positive and a bit more than half of all equities remain in positive trends. The weight of the evidence suggests that portfolios have exposure to Domestic Equities, and overweighted exposure is justified by the picture I have before me. Individual stock selection and sector selection remains important, focus on those securities with positive trends and strong relative strength versus the broad indices.

November 17, 2011
There is a change only in the tally ranking between Commodities and Foreign Currencies. As I have stated previously, for a change to occur, the improving asset class must exceed the falling asset class by a count of at least 5. The tally number for Commodities moved ahead of Currencies but only by a value of 2 signals. This change came from an improvement in the commodity space primarily from the strength in Oil. This change did not occur because the loss of signals in Foreign Currencies. We will be watching Commodities to see if further improvement occurs to determine if it should become an emphasized asset class. However, keep in mind that the cash bogey check for Commodities has not yet improved enough to pass at this point.

October 24, 2011
Activity over the past week improved Domestic Equity's position and it actually just nips out Foreign Currencies to take the # 1 rank. This move only overtakes the Currencies by one signal, so the two are essentially tied. Also, within Domestic Equities we saw the Cash Percentile Rank change significantly. Cash (Money Market) fell within the Domestic Equity rankings showing that the majority of the Domestic Equity measurements are now ranked above Cash on an RS basis. This movement has change the "traffic signal" to green, indicating a positive cash percentile ranking for Domestic Equities, and further suggesting improvement for this asset class on a relative strength basis. Other activity within the broad asset classes showed Commodities and Fixed Income becoming weaker.