If you just woke up from your New Year’s festivities, well, you haven’t missed anything. The market has hemmed and hawed with the net effect a move of less than 1%. The odds still favor a move to the upside, but wait for the market to tell you what to do.
Most stocks follow the market, and Conagra (CAG) is no different. I always like this stock on a breakout, and think that will happen soon. Just be patient.
One stock you don’t have to wait for is Rite-Aid (RAD). It’s my favorite drug retailer (mostly because I shop there) and the latest break says it’s going higher.
Back next week to see if this Rip Van Winkle market has arisen from its slumber.
Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."