- New Trades -
(March 16, 2014)
Stocks had a down week thanks to a variety of issues. Most traders were blaming disappointing economic data out of China and the rising tensions between Russia and the West over the Crimea vote.
Monday morning could be volatile given the outcome of the "vote" in Crimea on Sunday. Evidence that Russia was massing troops on the eastern border of Ukraine doesn't bode well either. It would appear that there is a growing risk of an actual military conflict with Russia. An economic conflict is all but guaranteed with both U.S. and Europe drawing up sanctions against Russia.
Considering all of the unknowns at the moment I am not suggesting new positions tonight. However, that doesn't mean there aren't opportunities. We are adding three new candidates to the watch list (AEM, MPC, and NKE). Plus, last week saw KLAC graduate from our watch list to our active play list.
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:
UA, LMT, CBOE, KKD, STX, PSX, V, HFC, ATVI, NEM, GLD, NS, AGU, LSTR, HSY, CAB, UNP, NSC, CR, MAR, UPL, M, ZNGA, FB, PCAR, GE, LAMR, BWA, BDX, ROST,