The major market indices are breaking down under their trendline of higher lows. Stocks look vulnerable to more profit taking as investors continue to seek safety in bonds. NTAP made the jump from watch list to play list last week. Readers may want to consider taking some profits in MCD if you haven't done so already.
There are no adjustments to our stop losses.
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.