Our Watch List is Working
Normally December is one of the best months of the year for stocks. Thus far this year is shaping up to be a disappointment. Fund managers are happy with the status quo and just want to make it to January. The major averages are in a multi-week trading range and until we see a breakout one way or the other it could be slim pickings for our new plays. Fortunately our watch list is working. Candidates from the watch list are getting triggered and graduating to the play list. We just added HON to the portfolio on Friday when it hit our trigger at $41.00. This weekend we've added UNH to the watch list.
No new plays tonight. Cross your fingers and hope that the market breaks out from the range this week.