Stocks continue to climb the wall of worry. Yet now that Egyptian President Mubarak has resigned we could be left looking for the next crisis. Right now bulls are in control and the major averages have broken out past resistance.
It was a generally bullish week for the newsletter. BIDU hit our final exit target. DIS hit our first exit target. I am suggesting we take profits early on USG. We want to prepare to exit for a gain in our DE trade. Unfortunately this past week we saw AKAM perform very poorly due to its earnings news and shares gapped open under our stop loss. Plus, BVN shares have dropped dramatically on no news.
We have new stop losses for LLL, DE, DIS, HUM, USG, 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.