Stocks have produced an impressive turnaround in the last few days. Now the S&P 500 index is once again facing resistance near its 2011 highs. Will it break out higher this time or will it fail? We're facing a huge week of earnings news plus several economic reports and an FOMC meeting, not to mention the very first post-FOMC meeting press conference.
This past week did see some volatility. BWA and TEVA have been stopped out. Meanwhile I'm suggesting an early exit from our KEY and LLL trades.
PCAR has a new stop loss.
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 play or option position exited or closed this week.