to all, and thanks, Bruce....excellent choice of puttable Ind., group here....I also have some extended banks, again, for pot. drops to at least their still-rising, 200 day MA support (right ? as taught)....
BK, BKB, ASO, IMP, but, STT ?, STI. ? MEL, are more iffy....definitely on my recent list....good for you, Bruce....but, note, USB, RNB, some others, not setting up yet, as they are too strong here ? been a real tough PUT time recently, which is why I have not bought many puts lately (pretty much correctly, of course)....but, yes, I am also viewing some extended Utilities (PCG, PEG, FPC, NGE ?) with similar S.T. umbrella "PSYCLE sm" tops here....for similar pot. drops to 2000 DMA....hmmmm....the whole "interest sensitive" groups may be topping ahead ? hey, I see NO one bearish on any of them here....what does that tell you, sentiment-wise....dig ? Insur. issues as well, soon ? as you know, I am often a bit early/first to see these trends, so keep that in mind, but still, have done very well on the Put side, overall...and so few people even try puts....
anyway, also added AMR @ 134+, MAR, CINF, GWW ?, MTX ?, MTEL ?, QWST, PAYX, NAUT, MCCRK, MIKE, CTXS, PBI., near their recent highs ONLY, recently....we shall see....just trying to help....remember, when suitable, ONLY, L.T., in-the-money, diversified, w/stops....it just plain has not been a great time for the put side, which is fine, as y'all know how I went long depr. techs into the Asian scare and most are up real nicely, since...right ? we just do, what the market tells us, with no scenarios nor agendas !!!!
but, TRB, CEN, BFO, aborted pattern, check all of these mentioned, one-year-past charts...to learn the pattern better....
last lesson: I gave out LLY, which fell perfectly from 70+ to its 200 DMA under 60., and out....see it ? learn that pattern !!! and, just missed BMY in that ind. 99+ as a put yesterday....might it also fall ?
as always, just for education sake....best wishes, keep in mind, when S.T. tops come, this thread always has fewer posts.... get it ?
enjoy, |
