The stock market's rally could be in jeopardy. The S&P 500 index just ended a seven-week winning streak. In spite of the midweek sell-off stocks remain overbought and due for a correction.
CL graduated from the watch list to our active trade list.
I have updated stop losses on: EXPE, SCHW, and SOHU.
GLD, LEN, NOK, SCCO were stopped out.
We took profits on SCHW by selling half our positions on Feb. 19th.
I am suggesting we exit our HON trades on Monday morning, Feb. 25th.
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.