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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It’s Not the News that Counts
One of the biggest banana peels that many investors slip up on is the desire to focus on the news, be it economic reports, high-profile earnings releases or important political rumors (like the current U.S.-China trade talks). But it...
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After six very strong weeks on the upside, the sellers finally showed up in the middle of the week. Some retrenchment was likely, and so far, it’s been well within normal bounds. We remain mostly optimistic longer term, as enough bullish evidence has to...
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It’s been another positive week for the markets. We know the focus has been on the various news items—the Fed’s decision and statement, the U.S.-China trade talks this week and, today, the jobs announcement—but it’s all about the action of the market, which to...
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Going According to Script
A punishing, out-of-nowhere, three-month decline that takes apart many popular stocks and sends the indexes reeling. A wave of panic selling at the bottom that produces historic oversold readings and massive pessimism—even though many growth stocks show resilience during the weeks...
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After four weeks of straight-up action, the major indexes and most leading (and potential leading) stocks are basically holding firm, with the S&P 500 and Nasdaq relatively flat on the week.
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It’s been yet another constructive week for the market—four in a row by our count. As of mid-morning Friday, the S&P 500 is sitting on a gain of 2.6% for the week, while the Nasdaq is up 2.7%.
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We’re Optimistic
Just three weeks ago the market was on its knees, as the major indexes were down more than 20% from their highs, the average growth stock was in tatters and there were air pockets galore—the final four days of the decline saw Dow...
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Interesting times! It’s been an encouraging week in our books for the market, partly due simply to the continued rebound in the major indexes—even after this morning’s dip, the S&P 500 (up 2.4%) and Nasdaq (up 3.2%) are up solidly so far on week...
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The market’s been all over the place in this holiday-shortened week, continuing the wild action we’ve seen of late.
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Reasons for Hope, but Not for Buying
The market has been a bummer during the past three months, with two massive downlegs (12% to 16% during the first three weeks of October, and then after some choppiness, another 16% to 18% during the first weeks...
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As for the market, it’s been another dreadful week. Blame it on the Federal Reserve if you want, but whatever the reason, the fact is the sellers remain in control and the trends are pointed down. As we write this, the S&P 500 down...
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Keep Your Powder Dry
Investing isn’t easy, but most people make it far more difficult than it really is. Every day all day, there are commentators and analysts on TV and dozens of articles pumped out by the online financial media dissecting recent earnings (FedEx...
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It’s been a relatively choppy week, with Monday seeing many major indexes briefly sinking to new lows before reversing higher, a modest bounce mid-week, and this morning looking like another sharp drop.
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This has been one of the wilder weeks we can remember, with huge swings up (Monday), down (Tuesday), reversals (Thursday) and big overnight movements (last night and this morning).
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Sellers Still Lurking
The first three and a half weeks of October were brutal, with the S&P 500 (down 11%) and Nasdaq (down 14%) cascading significantly, turning both our Cabot Tides and Cabot Trend Lines bearish as we raised a boatload of cash. But those...
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After a terrible couple of months, we finally got some legitimate good news this week—our intermediate-term trend model flashed a green light on Thursday, telling us the intermediate-term trend for the major indexes is turning up.
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As we mentioned a week ago, there’s no Top Ten issue this week, which is well enough since the decline of the past couple of weeks has left fewer and fewer stocks in good shape. Even so, we wanted to write up a (mostly...
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After a couple of generally constructive weeks, the sellers were back at it, with the S&P 500 (1.9%) and Nasdaq (2.5%) currently sitting with good-sized losses this week.
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While volatility remains extreme, the market had another constructive week. Individual stocks have done well, too, thanks to a combination of buoyant earnings reactions and Wednesday’s booming advance. That said, the intermediate-term trend remains down but all indexes we track have popped back their...
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