The stock market just delivered its best one-week gain since late June. Now equities are arguably short-term overbought. Now the focus will be on Fed Chairman Ben Bernanke's new stimulus expected on Wednesday. The question will be how much action by the Fed has already been priced into the market. Will the Fed news spur stocks higher or will we see a sell-the-news event?
We have seen two watch list candidates, BMY and NVDA, make the jump to our active play list.
There are new stop losses for both EMC and V. Plus, I have a conditional stop loss change on CLF (see play updates 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.