After a four-day decline the S&P 500 ekes out a very minor gain on Friday. The Russell index rebalancing wreaked havoc on several large cap names. The very short-term trend for stocks is down but major indices have yet to test support near their June lows. Stocks could end up drifting sideways as investors wait for the upcoming Q2 earnings season to begin in a couple of weeks.
There is a new stop loss for MCK.
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.