After months of high volatility, short-lived downtrends and stifled uptrends, it looks like the sellers have finally gotten a little traction. The action of our market timing indicators has given us a new positive signal from the Cabot Tides and the Two-Second Indicator, clearing the way for more buying. We haven’t turned totally defensive during this extended period of market indecision and we won’t rush into a wave of buying now. But we take our timing indicators seriously, and so we’re adding another stock to the Model Portfolio in today’s issue. And if we wind up making money, we’ll up the ante in the weeks ahead. September has a reputation as a perilous month for stock markets. But we’re impressed by the action of the leading stocks and the performance of our holdings in the Model Portfolio. With lots of strong stocks in the portfolio and a good crop of candidates on the Watch List, September is shaping up well so far. Tonight’s Cabot Market Letter will give you a more comprehensive review of our timing indicators and also give some insight into the three steps that great growth stocks go through as they develop and mature. It’s always fun to read good news, so check out today’s issue for more news and analysis, plus that new buy, of course.
