The U.S. indices are hovering near technical support. If stocks do manage a bounce here I wouldn't trust it. We are in a seasonally weak period for stocks. There is no catalyst for investors to put money into equities at the moment. Markets are likely to drift lower or chop sideways until the next earnings season in July.
That doesn't mean we can't find new opportunities. While I am not adding any new trades tonight I did add two more stocks to the watch list tonight.
Here is a list of stocks currently on my radar screen as potential candidates to keep an eye on:
CPB, BBBY, BRK.B, PHM, DFS, DIS, MWW