- New Trades -
(November 8, 2015)
Great news! Friday's intraday bounce is encouraging. For the first time in recent memory it seems that the stock market is no longer afraid of the Federal Reserve raising rates. After the better than expected October jobs report odds of a rate hike in December are pretty good.
Tonight I am not adding any new trades. The NASDAQ composite and the S&P 500 are both up six weeks in a row. The S&P 500 is up +11% from its late September low. Stocks are short-term overbought and due for a pullback.
Tonight I have added two new candidates to the watch list. They are CTXS and SWHC .
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:
GE, VA, UAL, JBLU, NFLX, NOC, LB, UPS,