The stock market continues to slowly melt higher. The major indices hit new 52-week highs on Friday. We have worried about the rally running out of steam for weeks now. The onset of earnings season could finally herald a pause in the market's up trend.
Shares of MTW have rallied toward their 2010 highs. If you did not take profits back in January you may want to take some money off the table now. I've decided to close our DLX play. The trend is up but shares look vulnerable. We might bet a better entry point on DLX in a few weeks.
There are several updated stop losses tonight. Here's the list of new stop losses: FO, INTC, MTW, ORCL, and PRE.
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.