Upward momentum stalled last week. There was a lot of consolidating sideways and a few corrections lower. EMC finally hit our first target to take profits. Readers will want to consider taking profits in NKE in front of the company's earnings report this week. Meanwhile AKAM seems to be offering a new bullish entry point.
New stop losses for EMC, ESRX, INFY, NKE, and WLP.
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 play or option position exited or closed this week.