Stack's stocks: A "safety first" style

"Several factors point to a sustained rally through the election, and possibly longer." says Jim Stack, a leading money manager and newsletter advisor known for his "safety-first" strategy.

Here, in his the top performing InvesTech Market Analyst, he explains why he has turned cautiously more optimistic and offers a look at some new positions, including a fund run by the noted advisor Chuck Royce.

"Notably, our technical models have improved, with breadth stabilizing. In spite of lingering credit problems, the monetary climate is moderately favorable with the Fed pulling out every imaginable stop (including nine discount rate cuts) to stimulate the economy and using depression era tactics to rescue a non-regulated investment bank.

"And in an election year, the combination of politics and promises usually generates a nice tailwind as politicians hit the campaign trail