Readers may want to consider exiting early any remaining coal stock plays. The sector is getting hammered. CNX was stopped out last week and ACI could be next. We also last CHK as natural gas prices continue to sink.
On a more positive note we're taking some money off the table with gains in PEP and TIE. I'm suggesting readers sell half of our positions in both trades.
My outlook has not changed from last week. The trend is up but the rally looks very fragile and a correction should occur any day now. I would hesitate to launch new bullish positions.
There are a couple of 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.