The markets were dormant today as Boeing erased -121 points from the Dow to sour sentiment. With Boeing weighing on the Dow and earnings still over a week away, investors were not in any hurry to put more money to work. The various geopolitical headlines were prompting caution and a shuffling of the President's cabinet further clouded the outlook. We should not expect too much of this week after the strong resistance breakout. The S&P is only 34 points from the prior high and magnetism should pull us to that level.
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
SWKS - Skyworks Solutions
The long call position was entered at the open.
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