This ends a long run of sharing my Saturday mornings. Thanks for all the interest and support, and here's to a great 2014!
The market did what it kept doing almost every week this year - it went up. With two trading sessions to go, 30% price-return for the S&P 500 is not too far away. Next year should see more two-way action in my view, with EPS growth hopefully driving more of the return than just PE expansion as well. The market is facing some overextended technicals, especially in Small-Caps. I look for some consolidation in Q1. The S&P 500 didn't suffer a down quarter all year.
Looking at the watchlist ( Download Watchlist122713 ), 90 closed above the 10dma. 3 stocks moved more than 10%, all to the upside: GWPH, TITN and ANV. Stocks offering more than 35% to my one-year target include ANV, BCEI, AEO, CTRX, AVP and PLCM. Stocks that are moderately oversold include EZPW, EPL, RMD, IRG, NEM, ROSE WFM and CTRX, and I think the following on the "prospects" are of interest too: JBL, GWW, FIO, BMR. Black 1s now number 16.
Here is the current list of stocks in the models with their targets and technical support/resistance: Download Positionwatch122713
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