It's time to take some money off the table for a handful of plays. We're closing the bullish play on BWA a little early. I'm suggesting readers take profits early on MICC, NTAP, and PNRA. SBUX has been stopped out. BUCY and PNRA graduated to the play list.
The short-term trend is up but stocks already look overbought. I would expect a dip this week.
New stop losses for GLD and MICC
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.