Pre Market Note 12/13/2012

Good Morning,

Futures are flat this AM, the SPY remains poised for continued upside looking at the weekly charts.

We will keep an eye on the watch list stocks, and get involved when the risk seems well-defined.  Often, the best time to start a position is when the weekly action is positive, but there is ugly daily action that offers a good price near support.

We will avoid adding to our existing 1/4 positions in our portfolio until those positions have gains.

Check in later to see if there were any opportunities to deploy our cash.

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