The U.S. market's major indices (S&P500, NASDAQ, $RUT) are still trading under bearish resistance and trendlines of lower highs. While December is normally a bullish time of year for stocks there is no guarantee we'll see a Santa Claus rally this year. I remain cautious on adding new positions but if bulls can power stocks past resistance then it could signal a new run higher.
Instead of listing new trades tonight we have added new candidates to the watch list section just in case the market does rally.
As I search for potential stocks to trade sometimes I come across possible candidates that do not have LEAP options available. While these do not qualify for this newsletter I thought readers might find them interesting and take a look.
(Potential Bullish Candidates that do not have LEAPS)
RDEN, DLB, LH, AVY, OXM, PWE, and TICC
Most of these have been consolidating sideways. Some of them still need to breakout past resistance before I would consider them possible buys.