Editor's Note:

The story hasn't changed much since last week. The U.S. market managed a bounce, which ended a two-week slide, but stocks continue to look vulnerable. You could argue that the major indices are forming a bear-flag consolidation pattern before it begins the next leg lower.

I've been warning readers that stocks might find a top in April and then begin to slide into the month of May. That's still my overall bias but we are about to see one of the busiest weeks of Q1 earnings season you never know what might change investor sentiment.

Fortunately a market correction will help provide us, as Leaps traders, a better entry point for positions as we look out over the next six to eighteen months.

I am not adding any new trades tonight. However, tonight we have added three new candidates to the watch list. In addition to our watch list here's a list of what's on my radar screen as possible candidates down the road.

On my radar: CCJ, WAG, DO, MRK, FDO, BBBY, SCHW, M, DFS, PAA, GSK