In this week’s video, Paul Goodwin, chief analyst of Cabot Emerging Markets Investor, looks at the “yes, but…” market, which is moderately healthy on the surface, but has plenty of warning signs as well. The number of stocks above their 200-day moving averages is a plus, but new 52-week lows haven’t completely dried up. The Nasdaq is on the strongest footing, but it’s still a good idea to moderate your new buying and keep you losers and laggards on short leashes. Paul also looks at a number of stocks with technically strong charts and distinguishes between those that are buyable and those that need more time. Stocks discussed: AMD, MU, NVDA, VALE, WDC, NFLX.
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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