Historically, I can count on one hand the number of times we open up and stay up -- and keep going higher in a linear fashion.
However, I have seen many times where we have a lull in the middle of the day where things sell off and you get to buy stocks cheaper.
You just don't want to buy the wrong stocks.
What are the wrong stocks? The companies that reported negative quarters that would do poorly in a Clinton White House.
To me, that means you have to be careful with health care -- as you can only imagine the pushback on a possible sweep. The exception would be health care companies where numbers went higher.
In this case perhaps, you do want to venture out with a CVS (CVS) , which is discounting a ton of bad news without even seeing the bad news. Or a United Health (UNH) , which had a remarkably good quarter and yet has fallen down. Or a Merck (MRK) which reported all of that great Keytruda drug news that suddenly no one cares about.
To me, though, the most likely to do well are those that cut short the hanker-down thesis. Perhaps Nordstrom (JWN) , where we heard from JP Morgan that the numbers might be better, or Panera Bread (PNRA) , where the numbers were better but it got caught up in the big morass of what we have seen time and again with those who go out.
Best bets? I would think that Netflix (NFLX) , Amazon (AMZN) , Facebook (FB) and Alphabet (GOOGL) can be revisited. PNRA, FB and GOOGL are holdings of Action Alerts PLUS and AMZN is a Growth Seeker holding.
And, of course, the banks. All that is left between here and year-end is a Fed meeting that is going to be a win for banks.
Think about those as places to go, if we get weaker midday.