*Blue Plate Specials* Portfolio – 10/29/10–The last one!

Market Notes
It seemed as if trader’s took the day off to do some early trick or treating as the SPX remained rangebound. Again. But the other indexes were sending mixed messages.

Leader of the pack, the Dow Transports (DTX), ended the day in positive territory as did the Dow Industrials. That was the market treat. On the trick side was party pooper Nazzie which ended the day on a downer note signaling a potential stall in the tech advance.

Traders are expecting a lackluster pre-election Monday, and I’m certainly not about to argue that one. It’s the post-election action that is being contested—some believe the results are already priced in and some say that the market will advance anyway (assuming a Republican victory in the House). You can waste your time debating this point or you can do the prudent thing and buy some protective puts on Monday. You know Dr. Kris is wagging her finger at you!

Have a happy and safe Halloween. Whatever you do, don’t read the labels on the candy wrappers—the calorie information is just too scary.

New Long Portfolio
This is the last daily portfolio that will be initiated. The existing daily portfolios will be closed out over the next eleven trading days culminating with an analysis of fund performance.

Today’s portfolio selections come from the following *Blue Plate Specials* lists: Breaking out to new highs (6), Breaking out to new highs on Lower Volume (1), Low-Priced Leaders (2), and Breaking Out (1).

Capture1

Today’s portfolio close-out
The 10/14 portfolio was closed out for a 0.7% gain. The 10/15 portfolio will be closed out on Monday.

Capture

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

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