Hot Option Plays: Crude And Copper Under Pressure Midday
Cusick’s Corner 02-06-2013 Midday Nice move yesterday but the follow-through has not transpired, especially in the Tech sector. The QQQs continue to lag the market and this does weigh on the market bulls. But looking at the oX put/call ratio of .44, it actually has been backing away from last month’s .30 levels, so there [...]
Cusick’s Corner 02-06-2013 Midday
Nice move yesterday but the follow-through has not transpired, especially in the Tech sector. The QQQs continue to lag the market and this does weigh on the market bulls. But looking at the oX put/call ratio of .44, it actually has been backing away from last month’s .30 levels, so there is no sentiment confirmation of a potentially stronger bearish cycle. Two markets that are breaking down are Crude, USO, and Copper, JJC. Both look to be potentially … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards