Stock Market Video 7/14/2011
Cabot Top Ten Trader Editor Mike Cintolo says that the stock market sagged this week after a powerful kick-off in late June. Despite good action recently, the market has really been range-bound since February. But Mike says the blast-off signals that accompanied the recent breakout (and the terrible news floating around) indicate that the market is in good shape. So we’re leaning bullish, but not fully bullish. Stocks discussed: Chipotle Mexican Grill (CMG), Lululemon Athletica (LULU), Netflix (NFLX), Under Armour (UA), Rosetta Resources (ROSE), Halliburton (HAL) and Rockwood Holdings (ROC).
Vice President of Investments, Editor of Cabot Market Letter and Cabot Top Ten Trader
A growth stock and market timing expert, Michael Cintolo is editor of Cabot Market Letter and Cabot Top Ten Trader. Since joining Cabot in 1999, Mike has uncovered exceptional growth stocks and helped to create new tools and rules for buying and selling stocks. Perhaps most notable was his development of the proprietary trend-following market timing system, Cabot Tides that has helped Cabot place among the top handful of market-timing newsletters numerous times. Cabot Market Letter is one of only nine newsletters included in Hulbert Financial Digest's 2010 Honor Roll for performance in up and down markets, and Timer Digest Top Ten Long-Term Timer.
Futures Point to Huge Breakout
Dear Fellow Investor,
Please—what ever you do—don’t let the market’s recent ups and downs fool you.
My proprietary technical indicators are forecasting a huge breakout to the upside next week.
One that’s not only similar to the 67% jump we grabbed in OmniVision and Netezza back in July but also similar to the 77% breakouts we saw in Riverbed Technology and Las Vegas Sands in August.
All driven by a new set of economic and earnings reports that show, beyond doubt, the economy has turned the corner, the next phase of this market is up, and the market’s strongest stocks will bank the biggest gains.
If our optimum technical momentum indicators (OptiMo) are on target again as they have been for the past 40 years, this is going to be THE WEEK to trade this market.
It’s no wonder, retails sales are rising as both oil prices and jobless claims continue to fall.
Mark my words—when next week’s economic news confirms this again, you’re going see stock futures go nuts as pension funds pounce on this new data and bid our top stocks even higher.
Yet, if you listen to the naysayers and fear mongers and sit on the sidelines now, my friend, you’re going to kick yourself in two weeks when the market breaks to the upside and our Top Ten trades jump 30% to 50% or more in the blink of an eye.
I realize that may be hard to believe, given the market’s recent ups and downs.
But the fact is, our proprietary technical indicators are forecasting yet another huge run-up in our Top Ten trades.
All driven by a new set of economic and earnings reports that show, beyond doubt, the economic turnaround is here, the rally is real, and the market’s strongest stocks will bank the biggest gains.
All of which are riding the trends in their own sectors higher.
All of which have incredible sales and profit growth.
All of which are set to break out on earnings.
All of which are attracting big-money investors who also envision a big bump in the short term.
All of which are set to jump in the next 24 hours.
Judging by the action we’re seeing, my estimate for 30% to 50% gains per trade may actually be low.
You’ll see why in this week’s Cabot Top Ten Trader.
Click here for details.
Editor of Cabot Top Ten Trader
P.S. Don't miss this!
Over the past 40 years, we have used the exact same scientific trading indicators to score quick wins in Continental Resources (+122%), Encore Aqua (+101%), Cleveland Cliffs (+93%) and DryShips (+95%) and many others before they broke out.
According to our charts and indicators, we see the same situation repeating itself in this week’s Top Ten Trader, and the profits should come just as quick and fast, as they have before, in the next 30 to 90 days.