StockPickingEnthusiast
Short

Staying short the XLV Caught between the 100 and 200day SMA

AMEX:XLV   SELECT SECTOR SPDR TRUST
XLV likely continues downward price action with Bernie continuing his strength towards the democratic convention. Just my opinion.

XLV
Comment: Could reverse since at the bottom of the channel but could also go very wrong for the bulls as the weekly 200 period moving average is down at $85
Comment:
Trade active: Opened XLV calls at the bottom of the channel Tuesday. Held both my calls and puts overnight (bought at different times). Will close out my calls and hold my puts for the morning.

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