Stocks extended their bearish trend of lower lows and lower highs last week. The short-term trend is down in spite of Friday's bounce. Yet we are not seeing widespread weakness. A number of our candidates posted gains for the week.
I am concerned about Ford. The stock's weakness this past week has broken support. Plus, I'm suggesting an early exit out of our PCAR trade since shares look poised to breakdown even further.
CACI, EAT, SWN, and UNP all have updated stop losses.
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.