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Indicators

Allegiant Travel: A Great Young Growth Company

March 23, 2009
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Allegiant Travel: A Great Young Growth Company

Moving on, today the market gave us a huge rally, ostensibly because of Treasury Secretary Tim Geithner’s plan to remove hundreds of billions of dollars of toxic debt from bank balance sheets.  To me, the reason for the market’s strength is unimportant (see Rule #2 above).  To me, only the charts are important.  With this advance, we now have seven consecutive days in which the number of stocks hitting new lows on the NYSE has been fewer than 40. We also have numerous major indexes whose intermediate-term trends are poised to turn from negative to positive.  Coming off a...

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10 Tools to Help you Make More Money

March 20, 2009
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10 Tools to Help you Make More Money

In preparation for today’s Cabot Wealth Advisory, I went back and read our in-house recap of a recent survey we sent you.  While it was expressed a few different ways, the most common response was some form of “Help me make money by helping me know when to buy, sell, be in and out of the market …” and so on. Part of that, of course, involves what stocks to buy–and I’ll get to that later in this Advisory. But most of it (far more than most investors understand) comes from having a solid foundation of what works, and...

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Learning Market Timing the Hard Way

March 12, 2009
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Stock prices have dropped through the floor, and–at least before the relief rally that began on Tuesday–had begun digging holes in the basement. It’s been a nightmare for anyone who has spent years building up a portfolio preparing to retire and even worse for those who have already entered a stock-funded retirement. The only people who are able to take any comfort from this situation are the people who never trusted the market and are sitting pretty on a pile of Treasuries, a fat savings account book or even an under-the-mattress Posture-Pedic Portfolio. But even those people have friends...

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An Unreliable Technical Indicator

February 7, 2009
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Today I want to start off with a word about a certain technical indicator you’ve probably heard a lot about this week. It’s a prediction that gets made every year at this time by Punxsutawney Phil, a Pennsylvania groundhog, who sticks his head out of the ground on February 2 to predict whether winter is here to stay or if spring will come early. As you’ve probably heard, the resident rodent saw his shadow, meaning that we’re in for six more weeks of winter. In Massachusetts, where Cabot is located, this comes as no surprise. Truth be told, whether...

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