Today we continue to see clear signs of strength in leading stocks and the market. Although the major indices gapped down at the open, they were able to recover quickly and erase the day’s losses by the close. The NASDAQ and S&P 500 both closed positive, each gaining a point. More importantly, leading growth stocks are outperforming the major indices. Of the highest quality growth stocks that make up the MarketSmith Growth 250 list, advancers led decliners by a rate of 3:1. The rest of the market lagged by comparison where advancing and declining stocks were closer to equal. 

 

Best Returns,

Scott O’Neil
President, MarketSmith