Stocks finished off the first quarter of 2011 with strong gains. It was the best Q1 performance since 1998 with the S&P 500 up over +5%. Now the major averages have stalled near key resistance levels. After a nearly non-stop, two-week rebound, can the bulls keep the rally going? Or will stock see some profit taking?
The Q1 earnings announcement cycle is about to begin soon and stocks will probably see more volatility as investors react to the news.
HUM hit our profit target to exit at $69.00.
ATI, CNI, and EAT had their stop losses updated.
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.