- New Trades -
(August 11, 2013)
No new trades tonight.
I remain cautiously bullish on the market. The larger trend is clearly higher. Yet short-term the market is starting to see a little profit taking. Seasonally we're inside the worst two months of the year (August & September). Q2 earnings season is over. Investors are still worried about the Fed tapering their QE program too early. Add it all together and stocks could be lacking a catalyst to move higher. Now consider that we're still close to all-time highs and it might be time for a pullback.
We are adding two new candidates to our watch list tonight (DD, FLR).
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:
EBAY, SCHN, KMX, CS, HD, GS, SINA, BIDU, NKE, PAYX, MMM, UPL, GM, JNJ, SBUX, GD, NOC, LMT, ATK, RTN, LLL, CLX, AMTD, SCHW, NVDA, KKD, TJX, TIF, KORS, COF, UA, KR, SYK, COST, BHI, UTX, LLY, JBHT, COF, HAL, DNKN.