Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
Leg five of this lengthy and great bull market is going through a necessary correction. The end-game of this corrective period has arrived and it may be a volatile one as a fully oversold condition is reached, but the bull will recover its strength and we still expect to see new highs before year-end.
Stocks that complete correction patterns while remaining above their respective 200-day moving averages should be considered as candidates for purchase.
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