Market Notes
Major averages close out the week virtually unchanged after putting in the best month overall in a year (SPX up 9%). If recent years are any indication, August portends to be a relatively lackluster month, especially following an up July. But as we all well know, past performance is no indication of future direction. We shall see if traders remain on the trading floor or decide that slathering on suntan lotion is a more attractive option.
Today’s Portfolio Picks
Here are my 10 long stock picks chosen from today’s *Blue Plate Specials* menu. They are chosen from the following lists: Breaking out to new highs, Breaking out to new highs on lower volume, and Low-priced leaders.
For more info on how this portfolio is generated and how you can construct your own, see the fund rules in the 4/21/10 blog. And remember to do your own due diligence!