Index funds are putting money to work in stocks and the result has been a big rally across the markets. Financials, materials, and energy are some of the best performers. Several of our trading candidates have seen some pretty significant rallies in the last five days. Readers may want to consider taking some money off the table.
Coal stocks look especially overbought and MTW is extremely short-term overbought. We've also updated several stop losses in our play updates tonight.
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.