- New Trades -
(May 25, 2013)
After a multi-week rally it looks like the U.S. market may have finally run out of gas, at least temporarily. We do not want to chase this market. Let the market come to us. Hopefully the pullback continues, which would provide a much better entry point for longer-term traders like ourselves.
I am not suggesting any new positions tonight with the major indices potentially on the verge of a correction. We did add two new candidates to our watch list. Plus, I have scrubbed the radar list below. Most of the candidates on my radar screen are buy-the-dip candidates. We'll have to wait and see if any entry points show up.
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:
AIG, CSCO, M, WFC, UNP, SODA, DIS, TJX, PNRA, SBUX, SJM, COST, PAYX, BHI, CBI, UPL, CNQR, EEP, GRPN