- New Trades -
(May 04, 2013)
I am cautiously bullish on the market here. Seasonally May is a weak time of year. One could certainly argue that stocks are overbought and due for a correction. Yet market participants don't seem to care. They are ignoring economic data and equities continue to rally. Friday's breakout past 1600 by the S&P 500 is technically bullish.
I am not adding any new trades tonight but we are reloading the watch list with multiple investment candidates.
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:
CAT, RF, SOHU, TSO, WNR, NVDA, FSLR, V, DIS, TGT, PNRA, KMB, CL, SBUX, WFM, CLX, UA, SJM, K, TJX, GLW, COST, DNKN, PAYX, LULU, BHI, CBI, SIRI, EA,