- New Trades -
(February 22, 2015)
The U.S. market appears to be in breakout mode. The S&P 500 index has cleared the 2,100 level and the small cap Russell 2000 is now trading at all-time highs above 1,230. The news that Greece was granted a four-month loan extension is very short-term bullish.
I really wanted to add some new plays tonight but many of the candidates I wanted to add looked short-term overbought or they were still trading beneath resistance.
Fortunately the Watch List is doing its job. Last week was saw both LMT and SWI graduate to our active play list.
Tonight I am adding three new watch list candidates: UA, UNP, and EWG.
I have also updated 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:
MNST, CELG, CR, GD, MA, HAIN, ADBE, ITW, HSIC, PEP, AMAT, MCHP, SLAB, DSW, JBHT, ESRX