The Gilmo Report

November 17, 2019

November 16, 2019

New highs in the major market indexes remain the order of the day. The NASDAQ Composite, S&P 500 and Dow Jones Industrials all sit at all-time highs. But in a market where the #1 ranked group is Mobile Homes and RVs, consisting of stocks like dynamic, cutting edge Winnebago (WGO), finding those dynamic “super stocks” capable of three- and four-bagger price moves or better is a difficult proposition.

As I’ve been saying, this remains an alt-currency market, where the index trend to new highs is driven by the movement of money into big-cap, established companies with reliable business models. These are the names that have shown the more consistent trends since the early-October market low. The main issue for me is whether this is beginning to shift, so read on.

 

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