The month of Ocotber was extremely challenging for us, as volatility, earnings season and European debt news moved the market up and down on any whim of market sentiment that could possibly have been imagined.
Unfortunately, our October portfolio had difficulty handling the storm and volatility.
Th3 MCM October portfolio sustained a $ 5,840 loss.
XOM, DIS, PRU & SAP got to us and we never really got an opportunity to really get out of harms way. A lot had to do with volatility that picked up in the later half of the month.
The individual results by issue can be seen in the PORTFOLIO section of the news letter.
Now that October has past, we go on our way with the November recommendations.
The initial November watch list officially is located below.