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One of our stocks reported earnings per share that beat analyst estimates. Revenue came in on target, expenses came in below estimates and operating income came in much higher than expected.

When it comes to the overall market, the song remains the same—the major indexes are in steep uptrends, our trend-following measures are bullish and many longer-term indicators and studies point to the bull market having months of upside ahead.

Now that the stock market correction has finally arrived, this weekly update is going to be a little bit different than normal. I’m not going to bother researching and reporting changes in earnings estimates, unless a company (a) just reported quarterly results within recent days and (b) the quarterly results significantly changed the future EPS projections.

For investors lulled into a false sense of security by the low-volatility bull market of 2017, the past week has been a rude awakening. Even for investors who remember much longer and much deeper market corrections (and us professionals!) Monday’s sudden drop was a little scary.

Remain bullish, but keep your eyes open. The overall market looks fine, but remains extended to the upside, which makes finding lower-risk entry points more difficult. We continue to advise holding your uptrending stocks to give them a chance to turn into bigger winners.

We remain (a) in a very strong bull trend, which (b) portends higher prices in the months ahead, but (c) has left most indexes, sectors and stocks very extended to the upside.

Three of our stocks reported fourth-quarter 2017 results this morning.

Updates on three of our stocks that reported quarterly earnings, plus updates on two stocks with Strong Buy ratings.

As you can tell by glancing at the portfolio summary table at the bottom of this update, the market is healthy. I’m putting two stocks back on Buy today.

We remain bullish and heavily invested, though we’re being selective with new purchases and waiting to see how the market and leading stocks react to earnings in the weeks ahead.

Our market timing indicators remain positive, so we remain overall bullish, but we are seeing some wild moves both up and down among some of our stocks.

After a sharp selloff last week, the sellers really showed their muscle this week, driving the indexes sharply lower even after this morning’s solid bounce.

Updates on two of our stocks that reported earnings this week.

Now that the stock market correction finally arrived, I want to sketch out what investors can expect in the near future.

Two of our stocks reported earnings yesterday.

Right now, my advice is to continue to deploy cash into your favorite stocks.

The recent wave of selling has taken a bite out of the major indexes, and has undercut most of the stocks in our portfolio.

We remain bullish overall, and you shouldn’t overreact to an overdue pullback; the major indexes are still in uptrends, and many stocks look fine. That said, given the action, you shouldn’t be complacent, either. Dump anything that cracks, tighten some stops and look for lower-risk entry points.