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First Signs of Selling Appear

November 17, 2014
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It looks as if the first “test” of the nascent uptrend has arrived; the major indexes have barely been dented, but under the market’s hood, we’re seeing something of a rolling correction, with a couple of sectors getting hit every day, and with a few stocks breaking down.  The next few days will probably be where this rally’s rubber will meet the road—to this point, the selling has been normal (even expected) given the month-long rally from the mid-October lows. Thus, we remain bullish, but we’re also keeping a close eye on the action, both to judge the market’s...

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Timer Still Flashing Green

November 13, 2014
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The Cabot Emerging Markets Timer continues to flash a green light and earnings season is drawing to a close. It looks like we own several of the leaders of the emerging markets group, and we’re watching closely for opportunities to increase our exposure.  The PowerShares Golden Dragon Halter USX...

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Today’s Market Update

October 31, 2014
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The market continued to impress this week, with most major indexes tacking on gains early in the week, hesitating around mid-week when the Fed cut off the money spigot, and then ripping higher later in the week, bolstered today by a surprise, monstrous easing move by the Bank of...

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Impressive Rebound

October 27, 2014
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One week ago, we noted that the market was looking washed out—we saw about 950 stocks on the NYSE and NASDAQ combined hit new 52-week lows last Wednesday, which...

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Use Caution

October 14, 2014
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For months, I’ve been noting market divergences and other signs of a long top, and last week the market finally went over the falls. Today we got a modest...

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Tide Continues to Go Out

October 8, 2014
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The market rebounded moderately today from yesterday’s big selloff. That selloff was supposedly in response to slower growth in Europe—Germany in particular—but the news doesn’t matter to us; what...

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Stocks Under Accumulation

September 29, 2014
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The market remains touch and go, with some areas looking horrible (most commodity-related sectors and the broad market as a whole), some looking decent (many growth stocks are hanging...

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A Long-Term Top

September 23, 2014
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The market’s main trend remains up, but just barely, as the breadth of market participation narrows and the ranks of the failing stocks grow. To me, the possibility that...

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Alibaba’s IPO

September 18, 2014
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Global retail is a matrix of consumer confidence and disposable income pulled by the constantly changing forces of advertising, marketing and the weather. In the U.S., it used to...

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