We are NOT jumping right into these positions for the new $100KP.
This is just a post to organize trade ideas for the new $100KP and we'll be watching these stocks and looking for good opportunities but, right now, the market is high and the VIX is low so it's just not all that attractive to jump in on upside plays at the moment. I still feel the market is toppy and, if you look at the October 8th Watch List, we were looking to see if we could hold September highs of Dow 9,829, S&P 1,071, Nas 2,146, NYSE 7,047 and RUT 620. Well, we STILL aren't at 620 on the RUT - something is strange about that!
Our last Watch List did very well but that was BECAUSE we took well-hedged positions and scaled in slowly! Keep in mind it's a watch list and not a Buy List. Buy Lists are for clear bottoms where we need to load up on things, we haven't had one of those since July 11th. A Watch List is for things we feel are good values so we keep our eye on them or, as I said in the previous post, a good place to start scaling in SLOWLY to new positions, so we can take full advantage of additional weakness.
All of these stocks are ones I like and they are good for any virtual portfolio. Anytime you see one falling though, that's the time we want to take a closer look to see if we have an opportunity to jump on something we like while it's on sale!
AGNC (11/24) is (gasp!) a REIT. But it’s a strange one that (according to them) "Invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S.
