It has been a rough two weeks for the U.S. market. The S&P 500 is down another 100 points (-8.3%) from its close on November 11th. The holiday shortened four-day Thanksgiving week saw the S&P 500 lose -4.6%, the NASDAQ composite fell -5.0% and the small cap Russell 2000 dropped -7.4%.
The market's breakdown this past week is an ominous sign for what is usually a bullish season for stocks.
Last week we saw QCOM make the jump from our watch list to play list but we lost EMC, HSY, INTC, and JPM to the market's widespread decline.
I have updated the stop loss on BZH.
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.