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Editor's Note:

(July 12, 2015)

It was a confusing week for the U.S. market with big swings in both directions. Neither bulls or bears could generate enough momentum so the major indices just churned sideways, albeit somewhat violently.

Europe seems close to actually getting a deal done with Greece in spite of the prior week's "no" vote on a deal. Iran seems close to getting a deal as well as negotiations over their nuclear program continue to stretch on. Meanwhile China's market is bouncing after a very painful -30% plunge in the last three weeks. These could all be big stories again in the week ahead. The U.S. markets could be held captive to headlines overseas.

Without any clear direction in the U.S. market I am hesitant to launch new positions tonight. However, we are seeing some strength among individual names. Tonight I am adding GD and HSIC to the watch list. Plus, FEYE, which was stopped out last week, has been re-added to the watch list.

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:

UNH, TSN, WBA, AMZN, INTU, AGN, CELG, TGT, HAIN, CVS