Editor's Note:

The U.S. market remains overbought. I don't want to chase it and we already have a HUGE play list of active trades. Fortunately our watch list continues to generate new entry points and we just added two new candidates tonight.

I was tempted to add VAR to the watch list with a trigger to wait for a close over $72.50 but the stock doesn't have LEAPS. I also wanted to add CLB with a trigger to wait for a close over $130 but the stock doesn't have LEAPS either.

A few symbols still on my radar screen for potential entry points are: TSO, JDSU, CREE, EXPE, SCHW, and C.