We're restricted in many holdings, but we'll be looking to buy.
We like adding protection in case weakness in high valuation/high growth stocks takes other sectors with it.
We believe that this put spread is cheap and that keeping it makes sense.
This was an all-around solid report for March, and we continue to like the risk-reward on the shares.
But we are buyers on a pullback, looking to the second half of 2014.
The S&P 500 may go on to test eight-week range resistance, but the story is different elsewhere, and I will be looking for a failed rally in the next four or five sessions.
We'll continue to add to names that have broken below our cost bases.
A postmortem on this trade clearly shows the benefit of long calls in an uncertain situation.
We are going to hold on to the call spread position for now.
We'll lock in a hard-fought profit in JPMorgan and buy some Whole Foods and Goldman Sachs.