With only four trading days left in 2016 the excitement is about to begin.
As I noted in the last newsletter there is not going to be a full LEAPS newsletter this weekend but I am taking time to send a short note. Nothing has changed in my outlook for January. I expect an early month correction that should start almost immediately.
For the current week, there is a tendency for the market to be bullish the first two days and negative the last two days. With Credit Suisse warning there is $38 to $58 billion in pension fund rebalancing due at the end of the week, that should weigh on the markets.
Take the week off from trading and start making a list and checking it twice of companies you would like to buy if the market dropped 5%. You may get that opportunity.
Happy New Years!
Don't Forget We are Adding another bonus to the EOY this year!
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Charting Made Easy - John Murphy
7 Chart Patterns That Consistently Make Money - Ed Downs
Getting Started in Candlestick Charting - Tina Logan
50 Stock Market Rules - Michael Sheimo
ONLY 4 TRADING DAYS LEFT IN 2016
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Current Position Changes
Stop Loss Updates
Check the portfolio graphic for any new stop losses in bright yellow. We need to always be prepared for an unexpected decline. Any lines in gray were previously closed.
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