From Cabot Top Ten Trader
The market has staged an impressive snapback the past two days, following a pattern seen during the past couple of weeks, with support showing up so far every time the market has taken a hit. Combined with other factors sentiment,...
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It’s been a mostly sour week, with the S&P 500 and Nasdaq down 1.5% to 2% even after this morning's gap up, and small-cap indexes down a bit more than that. Most indexes are testing their lows from last Monday, and the intermediate-term continues...
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Play Some Defense
Usually, when the market is doing well, stocks aren’t affected much by the news of the day. That’s not to say individual stocks don’t get pushed around, but for the market as a whole, worrisome headline news usually goes the way water...
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It’s been a very interesting week and a half to say the least, with an over-the-cliff decline in the market that took the S&P down more than 6% (and the Nasdaq down more than 7%) in just four days, decisively cracking the intermediate-term as...
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Remain cautious, but stay flexible. Our Cabot Tides are effectively back on the fence as the upmove of the past few days has been encouraging—a bit more strength could restore the Tides green light.
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We’ve been writing (and recording in our weekly videos) for the past couple of weeks that, while the longer-term underpinnings of the market look fine, the shorter term was more iffy, with many leaders stalling out and the indexes themselves losing some steam.
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Passing T-Storms—or Something More?
On this page of the last issue, we wrote “we think the near-term is a toss-up, at least when it comes to individual growth stocks— earnings season is always tricky, and let’s face it, many leaders have had great runs the...
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After last week’s Friday update, the market had a pretty ugly close, but the major indexes have had a decent week to this point, with all posting gains in the 1% range (give or take) as of Friday morning.
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We don't recommend buying IPOs when they first come public. But after a couple months, they're fair game. And these are the best IPOs of 2019 (so far).
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Remain bullish, but continue to take things on a stock-by-stock basis. Some potholes based on earnings, rotation and news flow are certainly possible, but overall, the bull market is in good shape and most leading stocks act well.
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It's been a relatively quiet week for the major indexes, which is fine by us given the prior five-week run-up. As we write this morning, the Nasdaq is about flat on the week on below-average volume, while the S&P 500 is off a touch.
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Mostly Sunny—with Possible T-Storms Along the Way
Ever since January 9, when the 2-to-1 Blastoff Indicator gave a rare buy signal just two weeks after the market’s major bottom, our greatest conviction has been that the overall market had likely entered a new bull that...
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It’s been a modestly positive week, with most major indexes and leading stocks posting gains. As we write this Friday morning, the S&P 500 and Nasdaq are up less than a percent on the week, but both have hit new all-time highs this week.
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Remain mostly bullish, but continue to pick your spots. The overall market looks great, and our own 7.5% Rule has flashed, portending higher prices in the months ahead.
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The Odds Still Favor Higher Prices Ahead
It was a solid first half of 2019 for most major indexes and growth stocks. Despite a few knocks upside the head last week, our Model Portfolio finished June up nearly 22% on the year. In fact, the...
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Onto the market, the major indexes had a relatively quiet week ahead of the G20 summit, which is (mostly) taking place over the weekend.
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Lean bullish. The market’s evidence remains mostly positive, though the action of growth stocks over the past two weeks has been less than stellar. But when looking at the overall market, we see more positive vibes than negative ones.
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This week’s rally was enough to turn the intermediate-term trend up—small caps are still lagging a bit, which isn’t ideal, but every major index is back above its 50-day line, and a couple (S&P 500, NYSE Composite) have nosed out to new highs.
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Still Going According to Script
Back on January 31, we wrote that the market was basically following a perfect Hollywood-type script for a major market bottom—you had a three-month bear phase that produced huge oversold readings and massive pessimism near the low, followed by turn...
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It’s been a relatively quiet week for the major indexes despite some bad news (Iran, big warning from Broadcom today), which we take as a constructive sign following the strong push higher after last Monday’s market low. As we write this, the S&P up...
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