- New Trades -
(February 3, 2013)
No new trades tonight. The market's major indices managed to extend their gains another week. Many are at new multi-year highs. Yet neither stocks nor markets run in a straight line for very long. I am hesitant to chase the rally at this point.
I have added two new candidates to our watch list and I've updated the radar screen list of potential candidates below. Many of the stocks on the radar screen need to see a correction lower.
Right now is a good time to choose strong stocks/companies that you'd be willing to buy on a pullback and then wait for the pullback.
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:
HAL, TM, NAV, NUE, LAMR, AKAM, CCL, XLNX, ATI, TM* PXD, ORLY, SJM, NBL, WMT* DIS, FDX, BMC, WLT, SHOO, FLIR, TRMB, TIF, HD, LOW, RIG, BP, MHP, BAC, CHE, MYL, DE, CAT, QCOM, RS, EA, GS, KMB, WFM, V, MRVL,