Editors Note:

The major indexes failed at resistance and appear to be struggling to regain forward motion. The Dow and S&P posted lower highs and lower lows last week. The Dow gave back a 153 point opening gain on Friday to trade in negative territory just before the close. With market direction in doubt there is no rush to add a bunch of new positions. There could be dip in our future.

I prefer to view a decline as a potential buying opportunity rather than a losing proposition.

No new watch list entries today.


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