- New Trades -
(November 15, 2015)
I warned readers last week that stocks were overbought and due for a pullback. Sadly I was right. The pullback slowly picked up speed all week long.
I am still bullish on the market between now and yearend but I suspect this sell-off is not over yet.
No new trades tonight. Last week we saw both CTXS and UA graduate from our watch list to our active play list. This week I am adding Nike (NKE) and Raytheon (RTN) as new watch list candidates with buy-the-dip triggers.