The highest scoring names in mid cap from 1 year ago returned 320 bps more than the S&P 500. The best performers have been UA up 96%, ACT up 77%, GMCR up 72%, STZ up 71%, and CW up 63%.

• The best scoring mid cap sector is financials.
• The top scoring mid cap industry is gas utilities.

The average mid cap score is 59.43 this week, below the four week moving average score of 61.89. The average mid cap stock is trading -12.63% below its 52 week high, 2.79% above its 200 dma, has 7.82 days to cover held short, and is expected to post EPS growth of 19.5% next year.

The top scoring mid cap sector is financials. Utilities and basic materials also score above average. Healthcare and technology score in line. Consumer goods, industrial goods, and services score below average.

The top mid cap industry is gas utilities (EGN, NJR, PNY). REITs (REG, WRI, NNN, ARE) offer upside with seasonal tailwinds through summer. Semi equipment (TER, SPIL) and semi IC's (MSCC) continue to score high; however, semi's typically peak into summer alongside the book-to-bill ratio. Oil & gas equipment & services (HLX, RES, PDS) utilization picks up in summer post-thaw, providing support to second and third quarter results.

In basics, focus on oil & gas equipment & services, synthetics (MTX, POL), and oil & gas independents (NFX). In consumer, only auto parts (CLC, TEN, FDML) score above average. In financials, concentrate on REITs, asset managers (AB, JNS), and regional banks (OZRK, ASBC, NPBC, BXS). No mid cap healthcare groups score above average; trade up in market cap instead. Industrial electrical equipment (RBC) is best in industrial goods. In services, buy business services (RBA, FICO, GPN) and auto dealers (PAG). Retail typically struggles in Q3 -- use weakness through early October as an opportunity to begin slowly boosting weights again. In technology, semi equipment, semi ICs, and printed circuit boards (FLEX) score highest.