The stock market rally has stalled and reaction to recent high-profile earnings results has not been bullish. It looks like the market is poised to retreat lower again. Readers will want to consider taking profits early or exiting early to protect capital. We have closed BA given its failed rally and we're taking profits early in MCD.
Please note the new stop losses for CRS, EMC, and MCD.
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.