From a top-down perspective, the market is still looking good, as both the intermediate- and longer-term trends are up and the vast majority of stocks (and leading stocks) are still in uptrends.
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The overall market remains in good shape, with both of our trend-following indicators—the Cabot Tides (intermediate-term) and Cabot Trend Lines (longer-term)—currently pointing up. We’re still keeping an eye on small-cap indexes, which have still not eclipsed their late February peaks, as well as Nasdaq,...
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From Cabot Growth Investor
The market and especially growth stocks got hit early today, but they firmed up reasonably well in the afternoon as the major indexes finished mostly green. At day’s end, the Dow was up 110 points while the Nasdaq nosed ahead points. The...
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It’s been another constructive week for the market, though that’s not necessarily due to the major indexes, which are barely up (0.25% or so) since last Friday’s close.
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The Perfect Isn’t the Enemy of the Good
One reason the market is such an interesting place is that there are always differing opinions even among the smartest and most thorough investors. The late Martin Zweig once said that, if you had 100 market it...
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The major indexes have had a solid week thus far, with most major indexes up 1.5% to 2.5% after this morning’s modest jobs report bounce.
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The overall market is still in fine shape, but there have been a growing number of yellow flags, including among growth stocks, which came under fire today. As a result, we are selling one position from the portfolio and downgrading another to Hold.
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It’s been a mixed week for the market. On one hand, we like some of the support seen in the major indexes and some key leading stocks this week, especially given the numerous intraday dives that occurred.
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Short Term Remains Murky
Last week on this page we wrote that, while the longer-term outlook remained positive, we were starting to pick up on some cracks in the foundation—the broad market had stopped going up in late February and, despite a push to highs...
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It’s been a volatile week for the market, with some churning seen earlier in the week, a huge up day after the Fed’s dovish stance, and then today’s big wave of selling on economic fears and a newly-inverted yield curve (as of this morning).
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Remain bullish. The market continues to act well, and while the broad market has been futzing around for nearly a month, our market timing indicators are positive and most leading stocks are in good shape. Only change tonight is putting one position back Buy...
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If you could draw up a reaction to the selling of the past couple of weeks, the past few days would have been it, with the market basically levitating higher all week, including this morning’s pop. As we write, the S&P 500 is 2.6%...
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Higher Prices Ahead
It’s mid-March in New England, which means we’re starting to see signs of spring—birds are flocking back, the gang of wild turkeys in our town are flirting and gobbling, the days are getting longer in a hurry and work boats are moving...
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After a couple of months of strong action, the long-awaited market pullback has gotten underway, and not surprisingly it’s been a bit of a doozy.
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Remain bullish, but take things on a stock-by-stock basis. The market has begun to pull back after a great couple of months, and stocks could easily correct and consolidate further.
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It’s been another relatively quiet week for the major indexes—entering today, the S&P 500 was down 0.3% while the Nasdaq was flat, though of course this morning’s pop is helping the cause.
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The Evidence is Clear
There are many times—we’d even say most times—when the market’s evidence is at least somewhat mixed. Some major indexes might look good, for instance, but others are lagging. Growth stocks may be acting well, but the broad market is iffy. conversely,...
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The market has generally taken a bit of a breather, with the major indexes relatively flat for the week as of this morning.
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The market remains in good shape, though near-term, pullbacks and potholes are possible given the big run and the fact that we’re finally seeing a few leaders hit resistance. Long story short, we think the market will go higher over time, though we’re through...
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Big picture we remain very optimistic that the path of least resistance remains higher—the action of the market itself since the low, including the green light from the 2-to-1 Blastoff Indicator, looks like the initial thrust off a major low that should result higher...
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