Best to sit tight when it’s late summer and subtle price action leaves little to say. Cash is avery good place.

Broad-based sector participation in new highs affirms market strength. There’s little technical evidence to suggest weakest. However, it would be just like the market to stage a sell-off as the summer winds down. We often see it as fund managers return from vacation and set the stage for lower prices to be had.

This Fall’s Presidential election brings further reason to stay on the sidelines. But never short a dull market, they say.

Lack of conviction from market players comes with lighter than average volume on the major indexes and an absence of meaningful accumulation or distribution days.

You’d be best to stick to a Buyer’s Caution Bias. Those with higher tolerances for risk might find these attractive:

We’ve got Growth Stocks on the radar:



Company Sector Industry Country
ALGN Align Technology Inc. Healthcare Medical Appliances & Equipment USA
APO Apollo Global Management, LLC Financial Diversified Investments USA
ARIA Ariad Pharmaceuticals Inc. Healthcare Biotechnology USA
BABA Alibaba Group Holding Limited Services Specialty Retail, Other China
BETR Amplify Snack Brands, Inc. Consumer Goods Food – Major Diversified USA
BGS B&G Foods Inc. Consumer Goods Processed & Packaged Goods USA
ESNT Essent Group Ltd. Financial Mortgage Investment Bermuda
EXEL Exelixis, Inc. Healthcare Biotechnology USA
GIMO Gigamon Inc. Technology Networking & Communication Devices USA
GNRC Generac Holdings Inc. Industrial Goods Diversified Machinery USA
IILG Interval Leisure Group, Inc. Services Business Services USA
LGIH LGI Homes, Inc. Financial Real Estate Development USA
MBLY Mobileye N.V. Technology Application Software Israel
MIDD Middleby Corp. Industrial Goods Diversified Machinery USA
MKTX MarketAxess Holdings Inc. Financial Investment Brokerage – National USA
NTES NetEase, Inc. Technology Internet Software & Services China
PAYC Paycom Software, Inc. Technology Application Software USA
SFL Ship Finance International Limited Services Shipping Bermuda
SIMO Silicon Motion Technology Corp. Technology Diversified Electronics Taiwan
SUPN Supernus Pharmaceuticals, Inc. Healthcare Drugs – Generic USA
TREE LendingTree, Inc. Financial Mortgage Investment USA
TSEM Tower Semiconductor Ltd. Technology Semiconductor – Integrated Circuits Israel
UBNT Ubiquiti Networks, Inc. Technology Wireless Communications USA
VIPS Vipshop Holdings Limited Services Catalog & Mail Order Houses China
YRD Yirendai Ltd. Financial Credit Services China

Two months ago our Standard Growth Stock Screen produced nearly nothing as stocks failed to trend above their 50 and 200-day moving averages.

Now, we have a strong group of 25. Take a look at hard charging leadership from:


You’ll find technically sound base formations in:


More on these later.