- New Trades -
(November 23, 2014)
The U.S. market continues to rally. Investors are ignoring slowing growth in Europe, Japan, and China. A slowdown overseas makes the U.S. market look more attractive. Markets also love QE. While QE might be officially over in the U.S. it's warming up in Europe and Japan. Now as a bonus we have China lowering rates.
The outlook for U.S. stocks is bullish but on a short-term basis the market is very overbought. We really need to see a pullback. That's why I hesitate to add new trades tonight.
This past week our watch list was successful and add two candidates RH and UA to our active play list. Tonight I'm adding RTN as a new watch list candidate.
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. In no particular order:
WFC, SBUX, AA, COST, NKE, NOC, APD, COL, LRCX, MON, NSC, CVS, MA, ESRX, and TM