New Watch List Entries
None, no new watch list candidates
Active Watch List Candidates
Success! They've all graduated.
Dropped Watch List Entries
INTC and VOD have graduated to the play list.
Ford met our entry point on Friday and I've moved it to the new plays section.
New Watch List Candidates:
Hopefully you read tonight's LEAPStrader market commentary. If so then you know I am very cautious on the market right now. Yes, the trend is up. Yet the S&P 500 and the NASDAQ are sitting right at or just below resistance. There are a number of factors all pointing to an economic slowdown. Add to that the disappointing results from earnings season and the rising amount of lowered guidance and it could be a tough 2013 for stocks.
I am still concerned that the market could reverse in the next two or three weeks. Thus I would much rather wait for the market to pull back than launch new bullish candidates now at the market's highs.
We are not adding any new watch list candidates tonight. Many of the stocks on my radar screen below could be LEAPS candidate if they see a correction or breakout past resistance.
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:
NVDA, CS, JPM, FSLR, ROST, V, DIS, EL, REGN, TGT, SOHU, SYY, HOG, DG, ODFL, APL, AZO, PSA, NIHD, XHB, LEN,
Active Watch List Candidates:
None: Currently we do not have any active watch list candidates.
Our watch list has been very successful adding new plays to the LEAPStrader newsletter. This past week saw all three new candidates hit our entry point.