Dear Valued Clients and Friends, MARKET PERSPECTIVE: If you left the planet several months ago and came back today you would get the impression that the stock market was frozen in time, with the S&P 500 only a few points higher than it was at the end of the first quarter. In that time frame, however, the indexes traded up and down to both ends of their ranges. Just when it appeared that the indexes would launch into new highs, the market abruptly reversed course and turned lo

Since our July update, the S&P 500, NASDAQ Composite, and the DJIA have moved up towards the high end of their trading ranges and appear to be making an attempt at new highs. This surge has been led by the NASDAQ 100, which scored an impressive new high on Friday, July 17th. Unfortunately, even if the other major indexes do make new highs, they will be short lived because the number of stocks making new highs is decreasing – a troublesome fact. The NASDAQ 100’s new high is du