In this week’s Stock Market Analysis Video, Cabot Market Letter Editor Mike Cintolo says that the stock market’s action this week was encouraging, but we still don’t have a buy signal. We want to see the Nasdaq get decisively above its 50-day moving average before diving in. If you’re heavy in cash, you could possibly do a little buying, but be sure to keep some cash and hold only your strongest stocks. And keep your watch list up-to-date with leading stocks like Baidu (BIDU), OpenTable (OPEN), Youku.com (YOKU), Tesoro (TSO) and Molycorp (MCP). Click below to watch the video.
