(September 1st, 2012)
The market's reaction to Bernanke's speech on Friday was pretty anti-climatic. After days of churning sideways with market participants on the sidelines waiting for him to talk about future stimulus the lack of action was definitely a surprise.
Now the market turns its focus back to Europe. There is an ECB meeting coming up and then the German courts vote on the ESM in two weeks. Plus, back here in the states, we have the jobs report on Friday, Sept. 7th.
The market's sideways churn has not provided a lot of new entry points so I'm not adding any new candidates tonight but we are adding three new candidates to the watch list.
Meanwhile, here's a list of stocks on my radar screen. These have potential to be LEAPS trades down the road if the right entry point presents itself:
CCL, PHM, RYL, MHO, RL, GT, PAYX, AMED, CLB, AXP, OMX, OSK, ESRX, RHT, FTR, VOD, SIRI, NVDA,