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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Michael Cintolo is a growth stock and market timing expert. His Cabot Growth Investor, with its legendary Model Portfolio, is recommended for all investors seeking to grow their wealth. His Cabot Top Ten Trader is a ticket to fast profits in stocks that are under accumulation now.Learn More