*Blue Plate Specials* Portfolio – 10/18/10

Market Notes
The market continued into positive territory led again by tech. The financials (represented by the XLF) finally woke up and lurched ahead of tech to post a nice 2.26% gain for the day. The last nail in the bear coffin will be when the XLF, currently at $14.67, finally breaks strong overhead resistance at $15.

The internet stocks are looking a tad tired and a roll-over in this sector could put the general upward movement on temporary hold. But if any pull-back is in the offing, it will be short and shallow (like some of my blind dates). If a major pull-back is in the cards, it won’t happen until the S&P gets to the 1200 area at the earliest which, judging from its chart, could be later this week. If you are fully invested on the long side, you might want to consider buying some put protection. Just in case.

New Long Portfolio
Today’s ten portfolio selections come from the following *Blue Plate Specials* lists: Breaking out to new highs (4), Breaking out to new highs on lower volume (1), Low-Priced Leaders (3), Speculative Leaders (1), and Darlings of the Day (1).


Today’s portfolio close-out
The 10/1 portfolio was exited today for a 2.5% gain. The 10/04 portfolio will be closed out tomorrow.


*Important FYI*
Dr. Kris began these portfolios to illustrate how the stocks given in the daily *Blue Plate Specials*can be used to create or enhance your own stock portfolio. This was meant as a short-term exercise only and frankly Dr. Kris is looking forward to doing other things besides spending several hours a day managing portfolios. In particular, this website will shortly have an entirely new, streamlined look and a companion website focused mainly on investing strategies will be also be unveiled. I’m very excited about this and so I’ve decided that October 29 will be the last *Blue Plate Specials* portfolio.

[See 4/21/10 blog for further details on how these portfolios are constructed.]

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