JP Morgan And Cisco Continue Looking Good

As discussed the last two weeks JPMorgan continues to look good for further upside.  

Today it put in further solid performance and I am taking 2/3 profits.  Further in the 'winner winner chicken dinner' camp is CSCO.  I opened an initial position in CSCO early last week and added some today.  

My first target is somewhere between $20.50 and $20.65.  Neither stock is overbought near term but I am getting increasingly cautious and have reduced longs to a mere stump.  Sentiment indicators, the VIX, and other 'stuff' is looking very precarious here.  

Doesn't mean we fall apart tomorrow, but heading into the first half of January I want to be cautious for now.    

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