The S&P 500 index managed to post another weekly gain in spite of selling on both Wednesday and Friday. The trend is still up but momentum indicators are starting to roll over. Lack of progress with a fiscal cliff deal is starting to take its toll on investor sentiment. This could make stocks a lot more volatile in the last few days of 2012.
Looking at our portfolio, we have added three new plays from our watch list. DFS was stopped out. BAC hit both our bullish targets this past week.
New stop losses for FSLR, NOK
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.