From Cabot Top Ten Trader
The major indexes have bounced a bit this week, though compared to the prior two declines, it’s not much to brag about—as of this morning, the big-cap indexes are up a bit less than 1%, though the broader indexes (small- and mid-caps) are up around 2%. Even so, the gyrations have put our intermediate-term trend model (called Cabot Tides and written about every week in
Cabot Growth Investor) on the fence—the major indexes are all at or near their 50-day lines, so the next few days will be relatively key from that perspective. All in all, we’re a bit more positive than we have been a week or two ago because of the growing number of resilient names, though it’s not time to be plowing into a ton of names thinking they’re about to soar, either.
Updated September 18, 2020 
