Wall Street was off to a strong start to 2012 with Tuesday's rally higher. Unfortunately stocks were unable to build on that gain. The major indices spent most of the week consolidating sideways. We did see a few individual names move. BAC and BZH performed well. Stocks like PEP and VZ underperformed.
You'll notice that three of our watch list candidates were activated to new trades. Dow Chemical (DOW) met our entry point requirements at Friday's closing bell. We will open new positions on Monday morning but please see play update for details.
I have updated stop losses on: BZH, LDK, QCOM, SHW, and XOM.
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.