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Video: Defensive Stocks Ramping | Cabot Weekly Review

In this week’s video, Mike Cintolo talks about the disappointing--but not decisive--action, with defensive stocks ramping and growth stocks being rotated out of. That said, even among names that have taken on water, few have cracked key support, and Mike runs through a bunch that are sitting near key levels -- solid upside from here would be intriguing, though if the selling continues, it would be telling. In the meantime, he’s still playing things halfway (about half in cash and half in potential leaders) while he waits for the market to show its hand.

Stocks Discussed: ALGM ACLS IOT PANW FOUR TXG AMD IOT WYNN PI ANET MBLY

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A growth stock and market timing expert, Michael Cintolo is Chief Investment Strategist of Cabot Wealth Network and Chief Analyst of Cabot Growth Investor 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, which has helped Cabot place among the top handful of market-timing newsletters numerous times.