Last week we said the minor increase in BUY rated stocks should not be viewed as the breaking point from which the ratings would only get better. As expected, the positive development did not continue, and the BUY ratings resumed their negative trend and the SELL stocks began to increase again.

Our stock ratings indicate that the market can’t make a breakthrough. The post-election surge in stock values may appear to be having a positive short term effect, but is not yet a stable, long-term development. And our ratings reflect that.

After a short lasting increase in the BUY stocks last week, our ratings indicate another drop in the category. BUYs dropped down to 1,172 stocks, as compared to 1,182 a week ago and 1,184 one month ago.

SELL stocks also resumed their previous trend of increasing in numbers. The SELL stock universe went up by 26 stocks last week, after being down by 21 a week before. Currently, there are 5,303 SELL rated stocks.

HOLD stocks were down by 32, with the total at 3,007.

The data trend shows this is not a time to buy or sell. The smart money is holding, with a negative outlook based on the number of sell stocks dominating the other categories. We believe you should look for a developing trend, examine your holdings of SELL rated stocks, and consider what to do. Realize gains, continue to hold, or whatever is appropriate for you. Stocks have yet to make a determination as to a hard direction.

There are 9,482 stocks rated by Weiss, and below is their recommendation distribution.

Be sure to check back with us often for the latest ratings and data, as our stock ratings are updated daily.