- New Trades -
(December 27, 2015)
The U.S. market delivered a nice, widespread rebound last week. Most of the major indices gained +2.5% or more in spite of only having four trading days in the week. Traditionally the next several trading days are bullish. It's the long awaited Santa Claus rally. Let's just hope Santa shows up this year.
Volume is going to be very light this week. We only have four trading days left for 2015. Markets are closed next Friday for New Year's Day. My market bias is bullish but the intermediate trend for the major U.S. market is still bearish with a pattern of lower highs and lower lows.
We need to trade the market we see not the market we want or expect. No new trades tonight. I am adding DAL and NOC as new watch list candidates.
Some of the big retail stocks have gotten crushed this year. Most of the bad news might be priced in. I've added WMT and KSS to my 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:
WMT, LOW, KSS, PYPL, COL, LMT,