- New Trades -
(September 22, 2013)
No new trades tonight!
The next two or three weeks could be a roller coaster for stocks. Thus far the U.S. market has been able to ignore September's historical weakness. Yet after a three-week rally the major indices look a little overbought and we're facing some major headwinds.
The budget battle and debt ceiling debate in Washington D.C. has started. Both sides are gearing up for a major fight and all the negative headlines and brinkmanship could spark some selling for the equity markets. There are some critical deadlines to avoid a government shutdown on October 1st and mid October.
Thus the next couple of weeks could be volatile.
We did see VRSN graduate from our watch list to our active play list last week. Plus, we've added three new candidates to the watch list tonight.
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:
CBI, AMGN, FLS, WEN, FDO, ESI, BWA, JAH, TIBX, NILE, LVLT, TXN, AMZN, N, CMI, MA, AN, X, BHI, HAL, SLB, NKE, HP, LVS, CZR, IGT, BA, ADBE, V, SBUX, NBL, GRPN, FB, C, DNKN, ATI,