The market has snapped back very impressively from its late-June swoon, quickly turning our Cabot Tides back to positive and lighting a fire under many growth stocks. Moreover, we’ve seen a few unique “blast-off” signals, mainly concentrated on the Nasdaq, which bodes well. Now, not everything is rosy; our Two-Second Indicator is still fidgety and, with earnings season upon us, volatility will remain high. But the recent bullish evidence is enough for us to put some money to work. Last week, we added Qihoo 360 (QIHU), which is off to a nice start, and in tonight’s Letter, we’re adding SunPower (SPWR).
