In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), talks about the market’s excellent week that pushed all three of the major indexes atop their 25- and 50-day moving averages. It’s not a complete all-clear signal, but it’s definitely a welcome bullish move. Paul runs through the leading sectors for the week and gives a couple of examples of strong stocks in each sector. He notes the recent strength of certain commodities, including gold, and reminds everyone to watch for the strongest charts. Stocks and sectors discussed: IBB, XLK, RHT, CONE, CELG, PODD, GLD, AA, WLK and others.
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