Investors are still bullish despite the six weeks of gains. A midday sell program almost took the Dow back to negative territory after a 183-point gain. Dip buyers appeared and the index returned to the early morning highs. Boeing was the Dow leader once again and every time I see those gains I kick myself for not buying those "overpriced call options" back in early January. Hindsight is always 20:20. Continue to keep your stops tight because we are well into the 7th week of gains. There is a pothole in our future and we just don't know when.
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.
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
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts