The stock market resumed its correction lower and the S&P 500 has officially hit the -10% correction mark. Unfortunately the breakdown under support at 1300 and the simple 200-dma looks pretty bearish. The sell-off in technology and energy stocks is getting pretty bad. We lost both EPD and XOM this past week. The real surprise is the acceleration lower in consumer names. MCD was also stopped out.
There were no stop loss changes tonight.
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.