The market has continued to rally going into today's Election. I decided to take more profits today as I still feel the market will sell off again from the recent weeks rally. I sold 20% of my holdings in each of the following stocks:
Sold FRO @ $38 (+ 52.3%)
Sold POT @ $94 (+ 44.6%)
Sold CAT @ $41 (+ 36.7%)
If Oboma wins the presidency their could be a possible rally on Potash (POT) as an Ethanol play. If this happens I will be looking to take more profits around the $110 level.
Otherwise I will be waiting for another sell off to buy in again. My current watch list and entry points are:
AAPL @ ~ $85 Tech
FRO @ ~ $25 Transportation
CAT @ ~ $30 Capital Goods
CVTX @ ~ $7 Bio-Tech
BAC @ ~ $18 Financial
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