Tuesday, January 25, 2011

State of the Union...Up, Up, Up

Walmart climbed $1.23 today to $57.26, close to our target of $58. Maybe this strength is in response to the rise of the dollar today. Also getting some good press from Michelle Obama's initiatives on healthy eating.

Chevron holding steady at $94.08. Gotta think it's ready for some "back-filling", a good opportunity to buy some more. Heck, if I'm gonna pay $3.50 a gallon at the pump, I'm gonna want Chevron to at least lay some of that $72 dollars-a-quarter dividend on me.

Coke steady at $62.96 after a minor correction. Positioned well for any "flight to quality" buying should the market correct.

Looking for a correction in February/March...have your puts in place.

Now it's time to listen to the President...the state of the union is indeed strong....huah! huah!

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