- New Trades -
(February 23, 2013)
No new trades tonight. As investors who choose to use LEAPS options we need a longer-term time frame. That's important for when we have active trades but it's also important when we're looking for an entry point. We do not want to launch positions now when the market's rally looks vulnerable and could be poised to correct lower, especially with the major indices still overbought following a multi-week rally.
Sometimes the best trade is no trade at all. Stocks seem to be ignoring the sequestration issue but the political battle in Washington is going to heat up as we approach the March 1st deadline.
Our watch list has been successful with CL jumping to the active trade list last week. I've added two new watch list candidates tonight.