- New Trades -


Editor's Note:

(September 28, 2014)

The stock market has been due for a pullback for a long time. Is last week's dip the beginning of a correction or will investors jump in and buy the dip again?

Volatility definitely spiked last week as the big cap indices fell to five-week lows. The small caps continue to underperform. We are quickly approaching the Q3 earnings season and investors may decide to step back and wait for some results before making any new trading decisions.

At the same time we only have five weeks before the end of October, which is yearend for many mutual funds. Most funds are underperforming their benchmarks this year. They might feel compelled to chase stocks higher.

The next couple of weeks could be choppy but that doesn't mean we don't see opportunities. Tonight we're adding three new candidates to the watch list (BRCD, HBI, and PII). :

I'm not adding any new trades tonight but I have updated my radar screen 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:

SAVE, PANW, NOC, ARG, RTN, N, ABBV, ZU, MU, HD, NSC, UNP, GILD, FB, AMGN,