Gains for the stock market are slowing as money managers face their yearend and the markets face midterm elections and the potential for QE2. We want to take advantage of some of the recent strength and take profits in COP, EMC, and HUM. I'm also suggesting an early exit for the MICC and PEP plays. Please note we're updating several stop losses this weekend.
New stop losses for BIDU, COP, EMC, HUM, MCD, RIG, and TASR.
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.