Our LEAPS play list continues to grow. Last week we had two watch list candidates, Visa (V) and Fortune Brands (FO), both jump to the play list. We also had shares of POT and VICR soaring. I am suggesting readers take profits on both POT and VICR.
The market looks overbought and due for a dip. When the correction does occur we could easily see a 5% pull back across the board. Readers may want to wait on launching new positions.
There are a few new stop losses tonight.
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.