Technically the market's two-day pull back, while steep, is just a normal 50% retracement of the two-week rally. Stocks are in the middle of their recent range and given all the economic uncertainty I am suggesting investors stay cautious.
A dip near the August lows could be used as a new bullish entry point but keep your position size small.
There are no adjustments to our stop losses tonight.
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.