The stock market produced a significant bounce this past week, albeit on very light holiday volume. The S&P 500 index has rallied more than +5% from December 19th (Monday) lows. Now the major indices are setting near resistance. Will the rally continue for the last four trading days of 2011? Or will stocks drift sideways or worse as weary investors look toward a new year.
We have had four stocks graduate from the watch list to our active trade list. This past week also saw LTD and RHT get stopped out.
There are new stop losses on AGN, BZH, KFT and KMB.
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.