The U.S. market continued to surge higher. Investors decided to take a positive view of the EU leaders recent summit. While details remain vague it seems that investors are growing more confident that the EU will be able to prevent a banking collapse. This kept the stock market rally alive. The U.S. markets are on track for one of their best monthly gains in years.
We had several stocks make the jump from our watch list to our active trade list (BZH, CBG, CSC, CSCO, GLW, and LTD).
I am suggesting we take profits in our EMC and HPQ trades. Please see details in our play updates section.
There are new stop losses for CBG, CSCO, EMC and HPQ.
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.