Hot Option Plays: Some Sectors Held Up After A Rough Week
Posted on November 22, 2011 at 14:41 PM EST
Cusick’s Corner The market held into the close, 1215 on the S&Ps, which does help the October advance stay intact in the medium term. When you look at sectors like Tech, QQQ/XLK, Consumer, XLY, Industrials, XLI, Finance, XLF, they are holding up after a rough week right at support. It’s a plus for the S&Ps [...]

Cusick’s Corner
The market held into the close, 1215 on the S&Ps, which does help the October advance stay intact in the medium term. When you look at sectors like Tech, QQQ/XLK, Consumer, XLY, Industrials, XLI, Finance, XLF, they are holding up after a rough week right at support. It’s a plus for the S&Ps to hold at this juncture, but I did not like seeing the Small Caps, IWM/RUT, break at resistance a lot harder than their Large Cap buddies. If the Small Caps lead a break, i.e. IWM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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