Until we get past the first week of January and the potential for another round of tax loss selling, there is no reason to back up the truck on new positions. The extremely oversold market rebounded after Christmas but is likely to decline again in early January.
We have 20 current positions and that is about the most we can carry. If we just kept adding an extra watch list position every week we would be setting ourselves up for a lot of stops in the next market dip. We need a real opportunity to appear to justify adding watch list positions.
New Watch List Entry:
No New Watch List Entries
Stocks Dropped from Watch List:
No Watch List Drops
Active Watch List Play Descriptions:
No Active Watch List Plays