Morning Tack: "Breakouts Everywhere"

Jeffrey D. Saut, Chief Investment Strategist, (727) 567-2644,

May 10, 2018

Investment Strategy

“Breakouts Everywhere” You’ve probably seen the cartoon where a woman comes home and finds her husband in with another woman?  The man looks up and says “No, I’m not cheating!” and follows that up with his favorite Groucho Marx line, “Who are you going to believe?  Me or your own eyes? (Groucho).”  We could say the same thing about investors over the past two weeks, “Who are you going to believe?  Me or your own eyes?” because there are upside breakouts everywhere in the stock charts.  We have been talking/writing about this for a few weeks and our pal Bob Pisani did a particularly good job of showing some breakouts right before our appearance on CNBC.  Shortly thereafter Bob wrote this:

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