So Far, So Great
October 25, 2021
The past three weeks have gone about as well as anyone could have hoped, with the intermediate-term trend turning back up amidst a broad upmove. Even better has been the action of leading stocks (especially growth stocks), many of which have been lighting up the sky. Earnings season set to really pick up steam, and that can always change a stock’s positioning, but you also shouldn’t ignore the shift in the evidence—we’ll keep our Market Monitor at a level 7 today but could hike it if we start seeing some bullish earnings gaps.
This week’s list has something for everyone, from small growth stocks to good-sized commodity plays that are seeing earnings boom. But we’re going with an oldie-but-goodie for our Top Pick, whose stock is picking up steam after breaking out from a year-long base.