- New Trades -
(September 27, 2015)
We are still in the middle of the worst three weeks of the year. The path of least resistance is lower. Odds are growing we will see the U.S. market retest its August lows.
I would not be in a rush to launch new bullish positions. However, we could see a bullish entry point in the middle of October (sometime in the next two weeks).
Take this time to identify stocks you want to own (or own long-term call options on) and wait for the pullback.
I am not adding any new trades tonight. Last week we saw both AMBA and CLX graduate from our watch list to the active trade section.
Tonight I am adding Disney (DIS) as a watch list candidate.
On the radar screen (below) I'd love to see a pullback in NKE and ATVI. Keep an eye on COST. The stock could be volatile following its earnings report.
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:
NKE, UA, ATVI, EA, STZ, CPB, VRSN, FL, DRI,
and COST (reports earnings on Sept. 29th)