- New Trades -


Editor's Note:

(January 19, 2014)

The large cap S&P 500 index delivered a mediocre performance last week with a failure to breakout past resistance near 1850. The strength in the small cap Russell 2000 index was much more encouraging with a rally to new all-time highs. While the overall trend for the market's major indices remains higher I am suggesting caution. We are in the midst of Q4 earnings season. We are also approaching potentially market moving events like the FOMC meeting in late January and the U.S. debt ceiling deadline in February.

I am not adding any new trades tonight. We added three new trades last weekend and had another watch list candidate graduate to an active trade last week.

I've added two buy-the-dip watch list candidates tonight and I've updated my radar screen for potential candidates below.

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:

NTGR, JNJ, MYL, BMY, M, MRK, PFE, PCAR, SYK, TRMB, HAIN, SWI, SCTY, JKS, TSCO, BWA, PSX, V, WHR, FB, CMI, BA, LMT, NKE, ESRX, PCLN, ETN, GLW, HPQ, MDR, HAR, VOD,