- New Trades -


Editor's Note:

(January 05, 2014)

The chase for performance was a major driver for the markets in the fourth quarter of 2013. Now the calendar has rolled over into 2014 and the performance meter for fund managers has been reset to zero.

On a short-term basis the market is overbought. The next week and the next month (January) could play a pivotal role in determining investor sentiment. Corporate earnings results and guidance will also be a major factor in driving stocks higher or lower for the next several weeks. Odds are good that we will see a lot of post-earnings sell offs as investors take profits after such a strong 2013. I suggest we watch these declines for potential entry points if the sell off was overdone or undeserved.

I am not adding new trades tonight but I am reloading our radar screen, which is full of potential trading ideas.

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. In no particular order:

UNH, JBHT, DLPH, KBH, ATVI, SKX, DECK, NDAQ, CAR, SNDK, WLT, SYK, TRMB, CCMP, HAIN, PHM, RYL, UTX, NTGR, MAS, SWI, TSCO, GM, YUM, INTC, AMD, CAT, CSX, UNP, MET, XOM, BRK.B, V, KSS, WHR, MHK, GS, MS, CMI, Z, MRK, BA, LMT, GD, UA, ESRX, DAL, ETFC, SCHW, DISCA,