- New Trades -
(November 03, 2013)
The major U.S. indices managed to tag new highs last week but stocks have started to see some profit taking. After a sharp four-week rally from its early October lows the market is due for a little pullback. It would be healthy for the markets and provide a buy-the-dip entry point for us.
We are not adding new positions tonight. LVLT did graduate from our watch list to our active play list. I've added two new candidates (ATI and QCOM) to our watch list. Plus, I've updated my radar screen below.
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:
PBR, CL, AKS, CLF, JOY, KSU, CNI, DV, COP, KSS, BMY, PFE, JNJ, HAR, ALK, GE, VOD, DDD, MHK, TWX, URI, WLT, CAH, HAS, NUE, X, RIG, SLB, FRX, AMGN, NKE, PG, LTD, ROST, TJX, ADBE, SNDK, WDC, UTX, WEN, AXP, SYK, STJ, MO, SCTY, FSLR, KKD, DNKN, WYN,