Our level in the SPYs from last week has held so far, here’s a reminder:

So, that’s that, BUT (And it is a BIG BUT) we’re on the eve of the mid-term elections and the results could dramatically move markets in either direction.  We have searched far and wide for bearish ideas but the indices have refused to roll over below our support level and thus it remains a little early to get beared-up.  Overall, the market has meandered a little higher so most of our stocks have acted in accordance.

Given all that, here’s a visual update on last week’s bullish names.

GIS, the official idea, got hit immediately, and thus never approached our trigger level (never had a chance to!) so we’ll move on to the bullsh mentions.

JNJ made it through our trigger level and almost our target level 1:

Unfortuantely, ORCL has struggle RIGHT at our trigger level:

HRB did move up through our trigger level, but as we noted, target level 1, which it reached, was unfortunately no too far above and thus it has stalled there for now:

ETFC, we got good initial push, need more if it can hold the current level:


We can’t complain too loudly but we’re not thrilled.  One more bull push in front of the election results and before earnings in all these names would suit us just fine and allow us to square up and refresh potentially.

More when warranted!

Thanks,

Wayne