Another day cometh!

So we are in on Tuesday after a longer than usual weekend, which was also much needed.
 
Not much has really gone on in the market place over the last few days - with it being Easter and bank holidays and the such like, however, we have got some new stocks on our watch list.  This increases the amount of stocks we are looking at to 38, and also we have our ETF's on top of this.
 
Our watch list is broken out like this:
 
RS Strategy:
 
LULU
BIDU
MELI
SINA
PCLN
FOSL
ULTA
MWIV
IPGP
WLK
DECK
PII
ALB
SRCL
UA
NFLX
INFA
SFLY
TPX
 
and LS:
 
MMSI
FMCN
BJRI
IRM
SLGN
PTEN
CPHD
CEVA
IL
CROX
GIII
CPX
RES
ANN
FARO
TIBX
LTD
LXU
RAX
 
These are all looking like bullish plays at the moment.  The only one which has had a trigger for the trade is IRM (still).  I am still awaiting confirmation before I enter a trade though.  This will come quite soon, although I have said, that if a trade does not present itself, then I will not jump into one...  That is the traders rules... and we stick by it!!!
 
Our ETF's are not providing any interesting trades as of yet, and as predicted, the DIA is starting to retrace a little after swinging from over sold to over bought in about a day...  As I did say, not one to get into unless you were only looking for a couple of dollars gain (if you could pick the options up cheap, it might have been worth a gamble) but not for me!
 
ETF's:
 
DIA
QQQQ
IWM
XLF
XLE
SPY
SMH
 
Anyways, look out for tomorrows update, and we will see where the markets are taking us.
 
As I mentioned, we are looking at bullish plays at the moment.  All the stocks are trending upwards, so we have to wait for a retracement before entering a trade with the trend.  Short term trend will go down - that is fine, but we are looking at the longer term trend, and looking to trade between a day to a couple of months max (and that is only to milk the trade for as much as possible without any extra risk).  So it seems like we are getting lots of potentials, but no trades- this is actually a good thing. This is because we know that the stocks being picked for our watch list are really really good potential stocks that are consistently trending upwards with steady buying.  Profit taking occurs for some, so the stock dips which is where we get in.  Once the selling finishes, buying starts again, with us getting on the ground floor of the move (or at least the first floor!) ready to escalate our profits higher (really could not get away from the pun!)
 
Due to the watch list being very new, I have not got some leaders in the market - YET!  Stocks like Apple and Amazon, could easily be put on, but I want to keep the watch list 'fresh' so only approved stocks are on there... not Pre-approved if you get my meaning!
 
Market update:
 
NYSE 168 new highs 10 lows
NASDAQ 119 New highs 13 lows
AMEX 16 new highs 2 lows
 
You can see that the markets are pushing upwards at the moment, so these bullish potential stocks are there as a reflection of the markets themselves!!!