The short-term picture has improved significantly in the last week. The S&P 500 index, the NASDAQ and the small cap Russell 2000 index have all broken out to new 2009 highs. Stocks should be able to extend their gains into year end.
Coal stocks have accelerated their recent gains. Many of our bullish candidates in the coal industry are starting to look overbought and due for a pull back. Elsewhere on our portfolio investors may want to exit our BAC play. You may want to go ahead and take profits in our RAI position as well.
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.