The stock market is breaking out to new all-time highs. The Dow Jones Industrial Average crossed 15,000 for the first time in history. The S&P 500 has closed above 1600 for a new historic high. The small cap Russell 2000 index tagged a new all-time high on Friday.
The path of least resistance for stocks is still higher.
This past week we took profits on our SCHW trade on Monday and closed our 2014 calls on the WMT trade to lock in gains.
SBUX hit our bullish exit target on Friday.
Tonight I am suggesting we exit our CVX trade immediately to take some money off the table.
I have updated stop losses on: BBBY and M.
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.