In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), talks about the November bounce that has followed the October flop of the markets. While the rally is welcome, it’s still not enough to create a decisively positive condition in the markets. Cabot’s market timing indicators are still medium- and long-term negative, and will remain so until the major indexes can get decisively back atop their moving averages. So it’s still a time for holding a heavy cash position and keeping new buying at a minimum. Paul points out a few stocks that have created nice bases and a couple that have broken out to the upside and might be considered for small buying if you have plenty of cash on the sidelines.
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