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The iShares EM Fund (EEM) has been through a bad week, pulling it decisively below its 25- and 50-day moving averages. It’s a clear red light, and we’re taking action to reduce our exposure while we await both quarterly earnings reports from our holdings and a return of the buyers to emerging market stocks.

One of the stocks in the portfolio reported strong earnings and a revenue beat—it moves from Buy Low Opportunities Portfolio to Growth Portfolio.

One of our portfolio stocks reported a huge earnings beat and moves from Strong Buy to Hold.

Apple (AAPL) has a good earnings report and a stock moves from Hold to Strong Buy.

In our view, the market has had a constructive week. Last Friday’s trade war-related plunge threatened to crack the nascent rally this week, but instead, the buyers have been active, scoring higher-volume gains Tuesday and Thursday. As we write this, the S&P is up 2% and the Nasdaq up 2.7% on the week.

One of the stocks in our portfolio reported first quarter results yesterday afternoon, with both earnings per share (EPS) and revenue coming in slightly above analysts’ estimates.

Two stocks move from Strong Buy to Hold and there is bullish price action another.

Remain cautious. Our Cabot Tides and Two-Second Indicator remain negative, but the market’s longer-term trend is still up and encouragingly, many stocks are holding support. We think there will be some great opportunities down the road, but until the buyers retake control, it’s best to cut back on new buying and hold a good amount of cash on the sideline.

The market remains extremely volatile and news-driven on a daily basis, with tariff shenanigans repeatedly in the headlines. That said, nothing much has changed with our market timing indicators. The intermediate-term trend is still pointed down and the broad market remains unhealthy, so we continue to advise a cautious stance, with only small new buys and plenty of cash on the sideline.

Do a little buying, but continue to keep a good chunk of cash on the sideline. The market’s evidence has definitely improved recently, though our Cabot Tides have yet to turn positive—in essence, the overall trend is neutral, though many growth stocks are setting up well.

Even with increased tariff talk and even rockier trading, the markets rebounded strongly Monday. The volatility has increased anxiety, but the consistent bounces are a good sign. In other news, oil prices are bouncing back, interest rates remain subdued, and earnings season begins this week.

It’s earnings season, first featuring bank stocks, then oilfield service companies a week from today. Most of the other companies in our portfolio won’t report results until early May. Others operate on different fiscal cycles.

Two stocks have earnings beats, and we’re selling a third stock after gaining 20% since January.

One of the stocks in our portfolio reported a huge first quarter earnings beat and many of our other portfolio stocks are rising.

The iShares EM Fund is holding up in fine style, holding well above its 25-day moving average, so our Buy signal remains in place. While our stocks are generally holding up well, there has been a slight increase in volatility.

Remain cautious on the buy side, but continue to hold your top performers. Our Cabot Tides and Two-Second Indicator are both negative, which tells us to hold some cash and cut back on new buying. At the same time, many growth stocks (including a few we own) continue to act well, so we’re also sitting tight with our strong, profitable stocks.

The iShares EM Fund is holding up well, staying comfortably above its 25-day moving average, so our Buy signal remains in place. While our stocks are holding up well, there’s a lot of sideways movement in the portfolio. We have no changes to the portfolio tonight.

One of our stocks is down 12% this morning after reporting another mixed-but-good quarter yesterday afternoon.

The market continues to be a bit sketchy, and the S&P 600 Small Cap Index is still trading right around the 820 level, which has served as a rough support line thus far this year.

The market didn’t change much over the past week but it feels like it’s on more solid ground. Perhaps that’s because it’s been three weeks since we were on the brink of a bigger leg down. Or because earnings-related volatility is calming down. Or because after two weeks of gains, a week of consolidation feels like the right next step.