Wednesday, January 20, 2010


Set up: HUM is up against major resistance. RSI (daily and weekly above 75) in overbought territory. Should pullback from current levels.

"Republican Scott Brown defeated Democrat Martha Coakley to become the state's next United States senator and potentially derail President Obama's hopes for a health care overhaul."

The health care stocks rallied yesterday in hopes of Scott Brown's victory and he did win! Buy the rumor, sell the news today? A gap and crap is what I see for health care stocks today.

Exit target: gap fill at 48.60

Strategy: Feb 50 puts

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