Current Portfolio

Portfolio Comments:

The stock market's oversold bounce from support is already in jeopardy. The S&P 500 is flirting with a breakdown under support near 1260 and its simple 200-dma. Meanwhile we are seeing several stocks produce a new lower high or worse they are producing the right shoulder to a bearish head-and-shoulders pattern.

Investors need to stay defensive here. The market might see some quarter-end window dressing but the intermediate trend remains down. It will be interesting to see if Q2 earnings can reverse this trend or will earnings results merely accelerate the sell-off lower?

There are new stop losses for BEAV, BMY, CACI, CNI, and FISV.

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.