MARKET UPDATE
Last Updated: 11/20/09
Not surprisingly, the market and most leading stocks have begun to pull back after notching good gains during the past couple of weeks. We continue to “lean bullish,” but until the bulls show some real power, your portfolio’s likely going to need a little more attention in this environment.
Source: Cabot Top Ten Report
EDITOR'S CENTER
Michael Cintolo
Market Weakness Not Surprising Stocks have moved straight up, so a rest was due. And there have been a few dents in the market’s armor (low volume, divergences among indexes, less leadership, etc.), so it was clear the market’s character was changing to some degree.
Paul Goodwin
Cabot China-Timer Remains Positive
After being turned back in August, September and October, the Halter USX China Index finally surmounted the 5,500 level on Monday. Breaking through this three-month resistance was important, but equally important was that it gave the Cabot China-Timer a little breathing room.
Brendan Coffey
World Climate Agreement? Reports yesterday said no world climate agreement will be reached at the Copenhagen global confab to replace the Kyoto Treaty next month. Reports today out of Europe say there will be an agreement, but it may not be as precise as people hoped.
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A-Power Energy Generation (APWR)Paul Goodwin likes this Chinese power company that's moving quickly into the Green sector.
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