- New Trades -


Editor's Note:

(November 16, 2014)

Stocks are little changed for the week. The S&P 500 managed another record high but the small cap Russell 2000 barely closed positive for the week. Transports remain strong thanks to weakness in oil but financials and biotechs were underperforming. We could see the rally start to unravel a little bit.

The U.S. market remains very overbought with a nearly non-stop rally from its October 15th low. There are plenty of reasons to be bullish but stocks need to see a pullback. We don't want to chase the four-week rally so I'm not adding any new trades tonight. However, there is no guarantee the market does see a pullback. Therefore I'm adding three new candidates to the watch list IP, RH, UA .

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:

WSM, TRLA, PSMT, HPQ, MSFT, CSCO, RAX, HBI, ELLI, DLPH, PANW, DECK, SNDK, ITW, GBX,