While the bears may be celebrating the dip in the market this week, let’s keep in mind that we are still on a very positive trend that will take more than a few days to break. The more bearish you are, the more you need to treat these dips as an opportunity to hedge something. The stocks we’ve selected for the Watch List are purposely stocks that we don’t mind sticking with through thick and thin because they provide exceptional value AND good income-producing opportunities through dividends and option sales.

Our new Watch List is only 2 weeks old but is already performing very well with 10 of our 13 positions winning already. And that’s not even counting the buffer we get from our hedged entries. Two of the three losers were knocked out of winning positions on Friday’s dip - it’s all about timing! Still, great progress but not so much so that some of the positions can’t still be entered, I highlighted my comments at the end of each trade as to whether or not I still like them.