In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), talks about the Thursday Massacre that hit the market this week. He also points out that the intermediate term trend of the market has turned down. Emerging market stocks are also a good way along a significant correction. So it’s time to back off on buying and keep your current holdings on a short leash. But the most important thing Paul says is that it’s essential to look at the charts of your stocks and pay attention to what the chart is saying. He shows a few stocks whose charts are in good shape and a few that have taken nose dives and need to be sold or avoided.
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Timothy Lutts heads one of America’s most respected independent investment advisory services. Each week, Tim personally picks the single best stock in his exclusive Cabot Stock of the Week advisory. Build your wealth and reduce your risk with the top stock each week for current market conditionsLearn More