- New Trades -
(February 15, 2015)
The widespread rally in the U.S. market is very encouraging, especially considering the relatively cautious earnings guidance we heard during the Q4 earnings season.
Investors seem optimistic that Greece will be able to work out a deal with its creditors in Europe. Plus the news of a potential cease-fire in Ukraine doesn't hurt. The challenge the market faces now is what happens when the fighting continues in Ukraine should this second cease-fire attempt fail? What happens if Greece does not make a deal with the Eurozone? Greece is facing some serious deadlines in the next two weeks. Stocks could be volatile while Eurogroup bankers face off against the anti-austerity government in Greece. It could be an epic game of brinksmanship.
Naturally with the stock market at record highs it's easy to be bullish. I'm partially tempted to launch a bullish play on the S&P 500 with the SPY ETF or the small cap Russell 2000 index with the IWM ETF. However, I'm not adding any new trades tonight.
Last week we saw both NOW and ITB graduate to our active play list. We've replaced those two with two new watch list candidates tonight SWI and TXT .
I have updated my radar screen below.
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:
ADBE, ITW, IP, TJX, GLW, MA, HAIN, UTX, WSM, DRI, UA, PANW, FEYE, HBI,