The bearish reversal in stocks two weeks ago did not see much follow through lower - at least in the major averages. Investors were buying the dips in transports, small caps, and more. Yet technology still looks vulnerable and banking stocks have broken down to new relative lows.
JRCC and PBR moved from the watch list to the play list while BVN hit our stop loss and I'm suggesting an early exit in USG right now. We also want to look for an exit out of LLL soon.
We have adjusted our stop loss and target for the GLD.
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.