Editor's Note:

(September 22, 2012)

We are bullish on the market. There is a good chance that stocks will march higher this week thanks to end of quarter window dressing. Yet stocks are starting to look overbought here with a big rally from its early September lows.

Instead of adding new trades tonight I'd rather make the market work for us and use the watch list to trigger new trades this week. We added two new candidates to the watch list with GE and JPM.

I was tempted to add CVLT as a new bullish play with its breakout past resistance near $55.00. More aggressive traders may want to consider new positions now. I've also got my eye on SIRI and a close over $2.65 as a possible entry point.

Here is 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:

SIRI, KMB, RCL, LEN, CL, OMX, OSK, FTR, LUK, BRK.B, OPEN, WMT, FCX, PBR, DIS, FDO, JPM, WFM, T, VZ, HAL, VLO, PAYX, CVLT