- New Trades -
(April 19, 2015)
Every weekend I look at hundreds, sometimes thousands, of stocks in a search for potential candidates. Occasionally nothing looks worthy of a trade, especially a longer-term LEAPS trade.
Jim Cramer likes to say there's always a bull market somewhere. Normally that's true. Sometimes everything looks ugly. That's where we appear to be today.
In a situation where the market looks vulnerable to more selling I like to search for stocks that might be a buy on weakness. A correction to support could be a great opportunity. Yet tonight nothing looks appealing.
The good news for traders is how the stock market is always changing. A week from now the market will have digested over one hundred and twenty five earnings reports from the S&P 500 components.
All that earnings news will definitely generate some movement.
I'm not adding any new trades tonight. The next couple of weeks could be volatile for the market. The combination of earnings and the situation with Greece might be a one-two punch that sends stocks lower.
I would not be in a rush to launch new positions.
Below is an updated radar screen.
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:
AMBA, ABBV, SKX, JCI, HAIN, HBI, JBHT, SBUX, UN, DIS, FCX, THC,