From Cabot Top Ten Trader
The market’s had another rotational week—the big-cap indexes have done OK (S&P 500 and Nasdaq up around 1%), small-cap indexes have done even better (up nearly 2%), but growth stocks have suffered another round of heavy selling, with many falling to new correction lows. All told, our general viewpoint hasn’t really changed. In total, this remains a choppy, meat grinder-type environment where not a lot of money is being made. Yes, some areas look OK, but very few stocks are in solid uptrends (most buying is in stocks recovering from a bad couple of weeks) and we’re seeing far more names breaking down than breaking out.
Updated October 18, 2019 