Editors Note:

Initial resistance on the Russell 2000 at 1,550 was broken with a close at 1,563. The small caps had a good day but we only had one position that made a decent gain. The rest were flat to down. The small cap internals were 7:1 advancers over decliners so we should have bought a powerball ticket with our luck at picking losers for Monday. This happens a lot. When the market takes off the prior gainers are sometimes left in the dust and the previously unpopular stocks are the ones that rally.




Current Portfolio


Stop Loss Updates

Check the graphic below for any new stop losses in bright yellow. We need to always be prepared for an unexpected decline.


Profit Targets

Check the graphic below for any profit stops in green. We need to always be prepared for a profit exit at resistance.





Current Position Changes


FNSR - Finisar
The long position was entered at the open.



If you are looking for a different type of trading strategy, try these newsletters:

Short term Calls and Puts on equities = Option Investor Newsletter

Credit spreads and naked puts = OptionWriter

Long term option investments = LEAPS Investor

3-6 month Option Trades = Ultimate Investor

Iron Condors = Couch Potato Trader


Full updates on all plays on Wednesday and Saturday.
Only closed plays are updated on other days.


BULLISH Play Updates

No Updates on Current Positions



BEARISH Play Updates

No Updates on Current Positions