This weekly overview is designed to be used as a "radar" screen to bring your attention to potentially important technical changes that may require your attention and potential action. When evaluating the Fund Score, the strongest issues have scores of 4 or higher while those ETFs with scores below a 3 are no longer considered solid citizens.

This section of the report categorizes all of the Victory Mutual Funds by their respective broad group. Along with each group, you can view the Average Group Score, which is an average of the scores of all funds represented in that particular group. Those Victory Mutual Funds that meet or exceed the Average Group Score will be highlighted in green in order to easily view those Victory Mutual Funds that have superior strength within their respective group. You want to focus on those Victory Mutual Funds that exhibit superior strength when looking to add new exposure to a particular group.

The distribution curve places each ETF on a bell curve according to their respective degrees of overbought or oversold status using a 10-week distribution. ETFs that are statistically oversold will appear on the left-hand side of the bell curve, while those that have become statistically overbought will appear on the right-hand side of the bell curve. Perhaps the most useful attribute of this feature is that it displays the entire universe on the curve at one time to give us a general picture of whether the Victory ETF universe is generally overbought on a near-term basis, or generally oversold. Our best opportunities are to buy strong relative strength ETFs that have regressed back toward mean conditions based on market weakness, or have become oversold based upon extreme market weakness. Weekly Distribution is a short-term gauge that is most helpful in timing entry and exit points, while the longer-term information of trend and relative strength is a more controlling factor in the decision of whether to buy or sell.

Average Level

17.78

				ustb		VSMV
				CIL		CFA	ULVM		CSA
				UEVM	CEZ	CFO	CEY		CID		CSB
uitb				CIZ	UIVM	USVM	VSDA		CSF		CDL
<--100	-100--80	-80--60	-60--40	-40--20	-20-0	0-20	20-40	40-60	60-80	80-100	100->

VictoryShares ETF Models

The VictoryShares ETF Models are designed to identify major themes in the US equity marketplace through the use of the Point & Figure relative strength tools. For more information on the portfolio construction and backtesting, see the model info file on the models page.

Weekly Changes: 

* Dates prior to 09/04/2018, which is when the VictoryShares Rotation Model became available on the Dorsey Wright Research Platform are representative of when the position was added to the backtested model

* Dates prior to 09/04/2018, which is when the VictoryShares Select Model became available on the Dorsey Wright Research Platform are representative of when the position was added to the backtested model.