A list of stocks I'm looking to add to, and at what levels, if we see a meaningful correction.
My Focus List
Many have been calling for a meaningful pullback for a short while now, and we finally saw a small one following Trump’s tweet, which led to the SPX falling 250 points in today’s session.
In truth, the market has needed a reset and a pullback for the SPX to test the SMA 50 in the cash session or 6500 in the first instance seems highly probable. Beyond that, remains to be seen.
In any case, it is a good idea to build a narrow list of maybe 8–10 stocks you would like to focus on in a downturn. I am currently at approximately 13% cash, down from 18% leading into today, after deploying some capital.
Below is a list of stocks I feel are attractive to add to, and at what levels, if we see a meaningful correction: