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Daily Watch List Update
Dear Members, KEY EARNINGS REPORTS: Monday: None Tuesday: CCL, MKC, PVH, WAG MARKET NOTE: I've discussed in prior reports the need to consider hedging of positions - covered calls, put insurance on the S&P, etc. Today's action demonstrates the need…
Dear Members, KEY EARNINGS REPORTS: Friday: DRI, TIF Monday: None MARKET NOTE: The latest rally is actually being supported by several key (and bullish) sectors/industry groups. As a result, if we make the breakout today, I'll begin to look to add…
Dear Members, KEY EARNINGS REPORTS: Wednesday: FDX, GES, GIS, JBL, KBH, VRA Thursday: CAG, LEN, NKE MARKET NOTE: The Fed has spoken. The Fed reduced its bond purchase program by $10 billion to $55 billion per month, as expected. The Fed also dropped…