In the meantime, here’s a rundown of our open positions: The technology sector continues to impress, having climbed to an 11-year high with many of the leading names in the group trading at record highs these days. Our SPDR Select Sector Technology ETF (XLK) June 30 call option has climbed well above our buy range and is rated a hold for now. Fortune hasn’t shined so brightly on the solar sector, however. Last week’s decision by the Obama administration to impose modest tariffs on Chinese solar producers didn’t sit too well with investors, who pared back on their holdings, including Sunpower (SPWR). We recommend holding the stock for now but will exit the position if the shares don't rebound shortly. Gold has snapped back in the last several trading sessions. Yesterday in particular it got a boost from Bernanke’s suggestion that continued accommodative monetary policy will be necessary to ensure growth and bring the jobless rate down. We now have a pretty good floor under the metal that will limit the downside risk. And while gold is likely to encounter some congestion in the $1,700 to $1,710 an ounce area, once above that level it could soon be again approach $1,800. The performance of silver will depend more on economic data. Still, there appears to be good support in the $31 to $32 area, and the near-term upside potential is even greater than for gold. The SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) are buys at their current prices. Read More

With stocks displaying persistent strength we closed out our General Electric (GE) June 18 put option for loss last week. In its place we added a bullish bet on the market’s strongest performing sector with the SPDR Select Sector Technology ETF (XLK) June 30 call option. It can still be… Read More

Buy the SPDR Select Sector Technology ETF (XLK) June 30 call option. Use a limit order to pay no more than $1.00 per contract. Read More

Sell to close the General Electric (GE) June 18 put option at the market. Read More