Positions to Monitor
The following positions are being placed on the Watch List and may be subject to an adjustment in the near future.
USG - USG $46.90
USGlooks like it wants to retest its $47 resistance level. Any breakout above $47 merits an action if we get a close about $47.50. Until then look for USG hopefully to stall out around the $47.00 to $47.25 area. If not and we get a close above $47.50, we would look to close out the position for a $ NET DEBIT of $1.90 or $1.75 NET LOSS. Let's watch this one very closely
LXK - Lexmark $68.04
Lexmark within 2 points of resistance level of $70, looking for any test of $70 to be thwarted and a settle back to the $66-$68 area. No reason for any action yet, but let's keep an eye on Lexmark if it should test the $70 area.
We will continue to monitor these positions and will inform you of any changes or adjustments as needed.