Editor's Note:

(November 10, 2012)

I am not adding any new trades tonight. The market looks pretty weak given the bearish breakdown below significant support this past week. The market's challenge right now is presenting investors a reason to buy stocks, especially between now and the end of the year.

The fiscal cliff is coming and I do not have much hope that Washington will kick the can down the road in time before stocks sell-off ahead of the January 1st, 2013 starting line for the fiscal cliff cuts to take place. Investors will feel pressure to sell stocks to avoid higher taxes on capital gains in 2013 and beyond.

That doesn't mean the market is going to crash but the path of least resistance is down. I suspect traders will be selling into strength until the fiscal cliff issue is dealt with. Meanwhile we did find a couple of bullish candidates to add to the watch list and replace those watch list candidates that graduated to our active trade list this past week.

Radar Screen:
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:

HON, MMR, TSM, BTU, CREE, ANR, CCL, RYL, OMX, CIEN, HFC, NOK, VMC, SBUX, TXN, MA, VCLK, MYL, APKT,