- New Trades -
(December 21, 2014)
It's amazing how the market can change in a week. Two weeks ago the market mood was sour after the S&P 500 delivered its worst performance in two years. Now investors are cheerful again with the best three-day rally in years.
We have a dovish Federal Reserve to thank for the market's rally. Janet Yellen's comments about being patient when it comes to raising rates waved the all clear signal for market bulls. Equities sprinted back toward their recent highs.
Seasonally the trend for the next couple of weeks is traditionally bullish but volume will fade as investors focus on the holidays instead of stocks.
I'm not adding any new trades tonight. We saw Starbucks (SBUX) graduate from our watch list to our play list last week. Tonight I'm adding CSCO, FB, and FOXA as new watch list candidates.
Below is an updated list of what's on my 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:
WDC, ENDP, LLY, CL, IR, SFM, NOC, ESRX, MSFT, PANW, HCA