USIR Weekly Update Hotline
For Monday, August 21, 2017
corrected version of the August issue posted Saturday morning
Market in Eclipse
On this day of
potentially blinding solar eclipse, a stock market eclipse is staring us right
between the eyes. For a second week in row, the broad-based major indexes
plunged beneath their 10-week moving averages. The S&P 500 closed Friday at 2426, down from 2490; the Nasdaq Composite wound up 6217, off
from its 6460 peak at the end of July.
news, slim as it may be, is that three USIR stock picks rose last week on active
trading volumeContol4 (CTRL), Alibaba
(BABA) and Applied Materials (AMAT).
The latter is among the nine stocks features as our strongest Strong Buys in
the midsummer August issue of USIR posted at the end of the week. These are the
current Best of our Best.
[Note to subscribers: We regret the delayed posting of that issue, caused
by the crash of a computer hard drive.]
The markets weaknesses? Take your pickturmoil
ranging from the White House and Charlottesville
to Barcelona and Pyongyang. Not to mention mixed views on
corporate earnings guidance and upcoming Federal Reserve actions.
noted in the new issue, our model portfolios, depleted by stop-loss sales, are
seriously under-invested. We obviously dont lack for lively growth stocks, And
we will begin reinvesting the portfolios over-sized cash reserves just as soon
the market bottoms out and begins to rise again. We are not n the habit of
trying, as the old saying goes, to catch falling knives.
Stephen W. Quickel, Editor