- New Trades -


Editor's Note:

(August 25, 2013)

No new trades tonight.

Last week we saw Halliburton (HAL) graduate from our watch list to our active play list. In spite of the market's recent pullback there are some stocks still making new highs.

After a two-week correction lower the S&P 500 and the Russell 2000 index managed a bounce. Yet I would be cautious here. September is historically the weakest month of the year for stocks and the potential for the Fed to announce a reduction in their QE program and the potential for negative headlines out of Washington D.C. could spook the market again. Therefore I would not be in a rush to launch new bullish positions when we might see a better (lower) entry point by the end of September of mid October.

Of course there are exceptions and some of our new watch list candidates are showing relative strength.

We are adding three new candidates to our watch list tonight (DECK, HOG, and STZ).

Radar Screen:
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:

SLB, WFT, JOY, OPEN, UA, SCHN, SWKS, BWA, CS, WYNN, AMZN, LOW, SBUX, PRU, FDX, CBI, WDC, NOK, EL, SWY, WEN, DDD, ANR, FCX, CLF, TJX, ROST, LMT, RTN,