Editor's Note:

In addition to tonight's new candidate, consider these stocks as possible trading ideas:

XLF - this financial ETF has broken out past technical resistance at the simple 200-dma.

TRMB - shares are poised to break out past resistance near $45.00.

CRZO - if you're looking for a bearish trade then CRZO could work. I'd use a trigger at $23.40.

NFX - this stock might be a buy over $40.00 or the 100-dma.

AVP - shares are breaking out past resistance near $18.00.

Additional stocks on my radar screen are:

BEAV, MSI, AA, SMCI, and FEIC


NEW BULLISH Plays

Walt Disney Company - DIS - close: 39.44 change: +0.42

Stop Loss: 37.90
Target(s): 42.50
Current Gain/Loss: unopened
Time Frame: up to earnings on Feb. 7th
New Positions: Yes, see below

Company Description

Why We Like It:
This media giant continues to build on a bullish pattern of higher lows and higher highs. Traders just bought the dip near $38.00 a few days ago. Now DIS looks poised to breakout past round-number resistance at $40.00.

We want to open bullish positions tomorrow morning but only if both DIS and the S&P 500 index open positive. Our bullish target might be a little optimistic given our time frame. We do not want to hold over DIS' earnings report on Jan 7th. Speaking of targets, we are aiming for $42.50 but the Point & Figure chart for DIS is bullish with a long-term $53 target.

*See Entry Details Above* (Small Positions)

Suggested Position: buy DIS stock @ the open

- or -

buy the Feb $40 call (DIS1218B40) current ask $0.98

Annotated chart:

Entry on January xx at $ xx.xx
Earnings Date 02/07/12 (confirmed)
Average Daily Volume = 7.7 million
Listed on January 19, 2011