A basic investment concept is to that high quality stocks fare better in down markets than low quality stocks, and therefore in late stages of a Bull market with generally fully valued stocks, tilting equity allocations toward high quality is prudent.

Last week we saw sector bunching around the average universe score, which is typical at inflection points. Scores have rolled to reflect the shift to Q2 seasonality, so watch sector and industry ranks closely over the coming weeks.

The average large cap score is 61.28, below the four week moving average of 64.18. The average large cap is trading -9.6% below its 52 week high, 4.52% above its 200 dma, has 3.94 days to cover held short, and is expected to generate EPS growth of 14% next year.

Our weekly best and worst reports show you stocks with the best potential returns over the coming 6 to 12 months.