The U.S. market produced another week of gains. The S&P 500 is only a few points away from a new all-time historic closing high. Meanwhile the small cap Russell 2000 and the Dow Transports are hitting new record highs. Worries remain that the S&P 500 has the potential to form a triple top pattern.
MRK & ZNGA graduated from the watch list to our active trade list.
I have updated stop losses on C, CL, CVX, DLTR, and MTW.
We want to exit our JNPR trade on Monday morning at the open.
Our new BAC trade (watch list candidate) will open on Monday morning.
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.