web analytics

Daily Archives: August 5, 2011

Stock Market Video: Breaking Down

August 5, 2011
By
Stock Market Video: Breaking Down

In this week’s Stock Market Video, Cabot Market Letter Editor Mike Cintolo says that the stock market has decisively broken down after the Dow’s 500-point drop on Thursday. The broad market is weak and it, along with many sectors and stock, has likely put in an intermediate-term top. Be defensive and protect your capital, so you have cash and confidence when the market gets going again. Stocks discussed: Baidu (BIDU), Apple (AAPL), Chipotle Mexican Grill (CMG) and Lululemon (LULU). Click below to watch!

Read more »

A Winning Stock in the Oil Patch

August 5, 2011
By

My view on the market is that it’s clearly not healthy here. It’s not a disaster, but during the latest downleg, one of our key market timing indicators, which measures the number of stocks hitting new 52-week lows, has been flashing yellow. That is a warning sign that the broad market is weaker than the major indexes are letting on. On the other hand, many leading stocks are still holding their own. Not a lot of money is being made, of course, but institutions aren’t completely bailing out on every stock and sector. I wouldn’t say that’s encouraging, per...

Read more »