Stocks are having a hard time keeping the upward momentum alive. The U.S. dollar sank to new lows for the year midweek, which was boosting some of the commodity stocks but that reversed on Friday. The Dubai news sent money surging into the dollar as a safety play. This could be temporary.
I remain very concerned with the bearish head-and-shoulders forming on several of the coal stocks. Plus, the NASDAQ and the Russell 2000 are under performing the rest of the market.
Investors should stay cautious as we head toward year end.
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 dropped play this week.
Jim's portfolio and updates has been included in the normal play updates section.