This market correction is two weeks old. I suspect it continues for another week, maybe more, but stocks should find another bottom in October.
Currently we have twelve stocks on our watch list.
AVY - Avery Dennison, trigger: $30.25
BEAV - BE Aerospace Inc., trigger: $16.00
CHK - Chesapeake Energy Corp., trigger 23.50
COST - Costco Wholesale, trigger 51.50
ERJ - EMBRAER - Empresa Brasileira de AeronÃ¡utica, trigger $20.50
ESV - ENSCO Intl. Inc., trigger 38.00
FWLT - Foster Wheeler, trigger 26.00
IGT - Intl. Game Tech., trigger $17.25
MEE - Massey Energy Corp., trigger $25.00
MTL - MECHEL OAO, trigger 13.25
MTW - Manitowoc Inc., trigger 7.25
TXT - Textron Inc., trigger 15.25
Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.
--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.
Red symbol/name represents a dropped play this week.
The LEAPStrader portfolio table will be uploaded to the website later tonight.
Jim's portfolio and updates has been included in the normal play updates section.