The market continues to move around within its four-month trading range, with the action becoming ever more volatile as news comes out from Washington regarding various items. Nevertheless, our focus is squarely on the market itself. Right now, that means a continued defensive posture as the trends of most stocks are still down. However, we are busy honing our Watch List (page 3) and searching for names that are rocketing ahead on heavy volume, a sign that institutional investors are gobbling up shares. See page 5 for some stocks meeting that criteria, stocks that have the makings of future winners. For now, patience and capital preservation is still the name of the game -- the more money you keep, the more you will make during the next true bull market. As always, we’ll let you know promptly if we have any changes of advice in the days and weeks ahead.
