• The top mid cap sectors are utilities and technology.
• Application software is the best scoring industry.

NOTE: Scores have rolled to reflect Q1 seasonality. The average mid cap score is 53.49 and that's below the four week average score of 55.48. The average mid cap stock is trading -27.26% below its 52 week high, -8.55% below its 200 dma, has 7.17 days to cover held short, and is expected to grow its EPS by 14.45% in the coming year.

Utilities, technology, and healthcare should be overweight. Financials and consumer score in line. Services, industrials, and basics score poorly.

The S&P 400 has delivered positive returns in 8 of the past 10 Q1s, generating a median 6.91% return in the period.

The best mid cap industry is application software (LOCK, NUAN, MANH). Semi equipment (TER, SPIL), industrial electrical (LFUS, AOS), gas utilities (NJR), and technical & system software (TYL, CDNS) can also be bought.

Specialty chemicals (CBT) score above average in basics. Packaging & containers (TUP, MINI) and processed & packaged goods (GIS) can be bought in consumer. Only REITs (CLI, NNN, REG) score above average in financials. Medical instruments (PKI, TFX, PODD) and medical appliances (GMED, STE, SIRO) can be bought in healthcare. Industrial electrical stocks score above average in industrial goods. Restaurants (WEN, CBRL), business services (HPY, CMPR, HCSG), and trucking (ODFL, KNX) are best in services. The strongest technology industries are application software, semi equipment, and technical & system software.

The following mid caps have posted gains in Q1 in all 10 of the past 10 years.