Widespread weakness continues as investors worry over disappointing economic data and emerging market weakness.
The stock market continues to correct lower. We saw several candidates hit our stop loss: AIG, CBI, DD, FLR, HD, WYN.
MTW was an exception and hit our bullish target on Friday.
Last week our plan was to exit our JNPR on Monday, Jan. 27th to lock in potential gains.
This week I am suggesting we exit our AVGO and MSI trades on Tuesday, February 4th.
I have updated stop losses on: BAC, FL, and HP.
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.