Technically Positive Market | Cabot Weekly Review

In this week’s video, Paul Goodwin, chief analyst of Cabot Emerging Markets Investor  looks at the market and sees a technically positive market that may not be quite as healthy as it looks. The major indexes are holding above their 25- and 50-day moving averages, but there’s not a lot of enthusiasm heading into the heart of earnings season. Paul looks at a couple of energy stocks that are forming nice charts, a couple of retail charts that are showing strength and one unexpected tech stock, plus a (possibly) overcooked health-care stock, a healthy restaurant chain and the disappointing emerging markets indexes. He also throws in a plug for the Cabot Wealth Summit that will roar into life on August 15 and wink happily out on August 17, right here in Salem, MA.

 

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Timothy Lutts

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