Recapping November so Far

We are halfway through the month of November and also at the mid-point of the fourth quarter. Through 2 weeks of November the S&P 500 is up a minimal 0.5% as it has picked up volatility on a daily basis - of course driven by news out of Europe.

Technically the US markets broke out of a very important trading range in October and for the most part it has held the breakout level and confirmed the trend will remain higher. With that being said I am leaning more towards the bullish stance heading into 2012.

The number one task on the to-do list is to build a small list of stocks and ETFs that could be potential buying opportunities in the coming days/weeks. Our WishList is well over 100 this morning and depending on the client we must remove a few from the list to narrow it down to the Top Candidates.

I may share a few of the stocks/ ETFs that we feel are our top candidates in the coming days, but as you can imagine that is what our clients and subscribers pay for.

I will share one stock with you that has been very strong and looks like it is ready for another breakout - Mistras Group ($MG). The company provides technology-generated solutions for the infrastructure that evaluates them. It currently has a PEG ratio of 1.3 and does not pay a dividend.

We do not own any shares of $MG at this time.