Stocks managed a nice bounce from support. You could argue the market has produce a bullish double bottom pattern but it needs to see some confirmation. Unfortunately the intermediate trend is still down. Several of our candidates delivered decent rebounds this past week. We're electing to close our TIE trade and take profits a little early.
RIG and RT graduated from the watch list to the play list. The stop loss on RT has been adjusted to $8.40.
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.