On Monday I was on CNBC. I said I was looking for a pull back in the next week to week and a half, with a late year end rally. I still hold that opinion. I did not expect a 400 point down day the next day after my CNBC market call. Last week we advised our members to look for the resignation of Italian Prime Minister Silvio Berlusconi and sell the rally at 1288, which we missed by 10 S&P 500 points (read article). We wrote last week that we thought the contagion fears were not being priced into the market and were waiting for this risk to hit the market before building a long position. See my martket call on CNBC here
Yesterday, we told our members to get long the S&P 500 towards the close of the day. Additionally, below are some names that either have great price action or we are waiting to get long. Each postion has an entry point.
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