Weekly Roundup: 'Software-mageddon' Takes the Market on a Wild Ride

During a volatile week, we added to one holding, explained our view on software stocks, and saw sharp rebounds in our EPS Diplomats model and several other positions.

If we had to characterize the last five trading days in just a few words we'd say it's been "a wild ride." We say that given the cumulative move lower for the S&P 500 over the last several trading days, but especially the 5.5% fall in the Nasdaq Composite between January 28 and Thursday, February 5.

With Friday's sharp rebound, which pushed the Dow Jones Industrial Average past 50,000 for the first time, the S&P 500 managed to recover its losses and move well past its 50-day moving average near 6886.