The market correction and consolidation that began a couple of weeks ago continues, especially among leading stocks. Today, for instance, the leading cloud computing group broke down badly on huge volume; we’re listening to the market by selling one of our cloud stocks and watching the rest closely. That action is a yellow flag, but the overall market remains in good shape. All of our market indicators remain bullish, and most of our recommended stocks look to be in normal pullbacks or pauses. In fact, we added two new names on a special hotline yesterday; details inside. Also in tonight’s Letter, we write on page 5 about selling ... not necessarily selling tactics, per se, but about the importance of either selling early (on the way up) or late (willing to sit through oftentimes painful corrections). It’s a vital point. All told, we remain bullish, yet with earnings season beginning this week, it’s likely the volatility of recent days will continue. Vigilantly watch your holdings, but we still advise holding your strong, profitable stocks, as the best leaders should head higher with the market once this pullback finishes up.
