The U.S. market's major indices manage to post another weekly gain thanks to Monday's big rally. We have a handful of candidates that hit new one-year highs this past week (BIDU, BWA, EMC, MCD, and MICC). Unfortunately, our USO play was spoiled by dollar weakness and the XLY's high for the week just happened to be our stop loss. We did see BIDU and GLD make the jump from the watch list to the play list.
I would be seriously tempted to take profits on RIG, MCD, and BWA again.
Please note there are new stop losses for BWA (39.75), EMC (17.80), and RIG (41.80).
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.