You should notice a lot of changes in the portfolio this week. The market's major indices managed to hit new 52-week highs again but investors were quick to hit the sell button on Friday. There are a lot of questions on how Washington's aim for financial reform will impact Wall Street and corporate America.
I am suggesting we take profits on several winning trades at current levels. We've been expecting a post-earnings correction so we're jumping the gun a little and exiting early now.
Closed plays tonight include EMR, INTC, MOS, ORCL, OXY, RAI, and part of TIE.
There are adjusted stop losses for MTW and POT.
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.