Editor's Note:

Traditionally December is a bullish time of year for stocks. You might even hear traders talk about the Santa Claus rally. Thus far December 2010 has been a big win for the bulls. The S&P 500 is up about 60 points this month alone. We really don't want to chase this sort of move. Sooner or later stocks will see some profit taking. That's just the nature of the market. We want to be ready to buy the dip as stocks near support. I'm not adding any new plays tonight but we did add four new candidates to the watch list.