Editors Note:

I am still looking for that buying opportunity in January. All the major indexes declined slightly last week with the exception of the Nasdaq 100 big caps. With the S&P futures down -$6.50 tonight we could be seeing the start of a post inauguration decline. I suggest we continue waiting until we see what happens. There are always some earnings disappointments from good stocks and when coupled with a potential market decline we could see some good entry points.

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