Stocks look poised to bounce after producing a short-term bullish double bottom pattern last week although the signal needs to see some confirmation. Oil stocks might outperform is the U.S. dollar rolls over from current levels. The GLD looks ready to correct lower. While I'm expecting a market bounce I remain wary of launching new long-term bullish positions.
New stop losses for ISRG, MCD, and MICC.
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.