- New Trades -
(May 24, 2015)
It was another frustrating week if you're bullish on stocks. Monday saw the S&P 500 break through resistance at 2,120 and then fail to see any follow through higher the rest of the week.
I am not adding any new trades tonight. We've added several plays this month already. The market's lack of follow through is worrisome.
I am adding a couple of new candidates to the watch list. Keep an eye on ADI and ATVI. We'd like to see both stocks dip before initiating positions (check the watch list for details).
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:
DHR, FEYE, INTU, DVA, SPLK, IR, SWKS, JPM, GS, ESRX, THC, WWAV, DRI, AGU, LXK,
Nearly all of these companies on my radar screen have earnings coming up in the next week.