- New Trades -
(October 13, 2013)
It's Sunday, October 13th and the democrats and republicans have been unable to compromise on a government budget or the U.S. debt ceiling. We have three trading days to go before the debt ceiling deadline on Oct. 17th. The next few days could be very volatile for the stock market as traders react to overheated rhetoric out of Washington D.C. as politicians play chicken with our economy and credit rating.
Considering these extraordinary circumstances and the potential for a market sell-off by next weekend I am not adding any new LEAPS trades tonight. Hopefully a deal will get done soon and when that occurs we can expect the market to resume its rally. Eventually a deal will get done but there is no guarantee it will get done this week.
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:
PCP, CNI, V, DDD, SI, ZMH, COF, CCMP, TM, UNXL, CTSH, SLB, CAH, RS, VAR, HP, CMI, SBUX, BHI, BA, ROST, LCC, COP, SNDK, BBBY, NBL, FSLR, ATI, GME, MON, CL, DFS, SIRI, WNR,