- New Trades -


Editor's Note:

(August 02, 2015)

The tug-of-war between the bulls and bears continues. The S&P 500 index has been stuck churning sideways since March. In tonight's market commentary I outline my concerns about launching new positions. Thus I'm not adding any new trades tonight. However, Q2 earnings season does present an opportunity.

CVS and DIS, already on our watch list, both report their Q2 earnings results this week. We have a buy-the-dip entry trigger on both of them and could be triggered this week.

Tonight I have added CLX and MSFT to the watch list. As long-term traders they both have potential and we're using the 2017 call options.

I've also updated my radar screen below:
(I would not launch positions prior to earnings on these trading ideas below)

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:

EXPE, INTU (earnings Aug. 20th), HAIN (earnings: late August), FDS, JNPR, ROST (e: late August), HRL (e: Aug. 19th), HD (e: Aug. 18th), XON (e: August), CAKE, GILD, IBB, AMGN, TSN (e: Aug. 3rd)