Insurance Continues To Melt Up
PowerRating) still look like they
have the potential to resume their downtrend, but so far, remain strong.
Therefore, look buying opportunities inÂ puts and put spreads
here but wait for follow through to the downside.
On Wednesday, major drugs
dropped as technology rallied. For now, it appears that the overhead resistance
still stands. If they can get through this resistance, we can start looking to
the long side here.
In the mother-of-all comebacks, insurance
continues to melt up. Believe it or not, it is now nearly 6% higher than its pre
WTC tragedy level. Geez, I hope Bin Landin isn’t still short.Â This sector
could set up on the long side on the first pullback.
luck with your trading on Thursday!
Protective stops on every trade!