Considering the overbought nature of this market, and let me tell you – it is overbought and the resistance head winds this market is facing, I believe swing-traders should be looking to start booking at least some of their gains. If not that, then I’d recommend you start aggressively increasing your stop-losses on existing positions.
So take a look at the list of stocks below that are more defensive than growth oriented. In essence, these stocks represent a good balance of companies that are dependable, stable, usually collect a respectable dividend and hold their value all at the same time and the best measure of its stability is the strength that these plays exhibited during the August/September downturn.
Here are 20 Defensive Plays to consider.
