- New Trades -
(April 05, 2015)
No new trades tonight. Last week our new watch list candidate Facebook (FB) graduated from our watch list to the active play list.
Tonight I have added EWI and TOL as new watch list candidates.
Small caps continue to outperform as investors try to avoid the negative impact of the strong dollar. Meanwhile the Dow Jones Transportation Average appears like it could break down below major support soon. That could be a bearish signal for the broader market.
Monday morning could be volatile as traders try to react to the worse than expected March jobs number that hit Friday morning while the market was closed.
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:
EL, BUD, IR, CXO, WBA, FDS, CBI, WU
Investors may also want to check out the auto-part makers. These stocks (DLPH, LEA, BWA) look bullish. I'd like to trade them but none of them have LEAPS available.