The U.S. market has extended its 2012 gains to three weeks in a row. Now we are approaching the busiest earnings announcement week in months. Odds are building that stocks could see some profit taking soon as investors choose to sell the news. The trend is up but a pullback would be healthy here.
We saw LXK, MMM, ONNN, and TEVA make the move from watch list to active trade this past week.
I have updated stop losses on: DOW, CSCO, EPD, FDX, KFT, 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.