Despite the near-term concerns, i.e., the fiscal cliff, the election, etc., there is still enough support that has been constructed during the past year to stop us from falling into a long-term bear market. October was not kind to shareholders, but the major indices have fallen to strong areas of chart support and we are approaching a traditionally strong quarter for stocks.
Be patient, trade if you wish, but long-term investors would be wise to wait it out for major commitments. I expect that opportunities to buy will occur sometime in mid-November, and the stocks selected for this month should do well in a year-end rally.
Here are your top stocks to buy for November: