- New Trades -
(February 9, 2013)
No new trades tonight. We did not want to chase the market last week. We still do not want to chase it this week. The S&P 500 and NASDAQ are both up six weeks in a row. Both indices are facing resistance directly overhead. Odds of a pullback are growing every day.
I did add a more defensive candidate to the watch list tonight with Coca-Cola (KO). Plus, I've added a few more candidates to my radar screen list below.
Right now is a good time to identify 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:
AXP, BHI, DECK, HPQ, NBR, TXT, ROST, JPM, WAG, HAL, TM, NAV, NUE, LAMR, CCL, XLNX, ATI, SJM, NBL, DIS, FDX, WLT, SHOO, FLIR, TRMB, HD, LOW, RIG, BAC, CHE, DE, CAT, QCOM, RS, EA, GS, KMB, WFM, V, MRVL, PXD,