Market had another pullback this week as the Dow continues to move away from an area of strong resistance at 16500. Nasdaq and Russell are holding a little better.
There is a distinct lack of quality charts at the moment, which usually signals a good time to sit out from the market until it either pushes higher or begins to follow through on the technical reversal.
This weekend I want to outline a few offering downside hedges. I’m not saying the market is going to roll, but a few of the hedge plays are looking good technically.