I may have jumped from NCX to soon as the 200-day MA ended up acting as no support to its freefall. Another chemical company which is showing topping action is POT ( Investors Business Daily ranks its accumulation/distribution as an "E"). Looks to have reversed off the moving averages after an earlier break of support. Puts $11.90

Botched the last attempt at this. Was right in the analysis, but wrong in the time frame. Looks like a big descending triangle on the weekly chart (although an upside break of resistance is a cover + buy). Put $0.75

Small black candlestick at convergence of 10- and 20-day MA. Current consolidation following heavier volume selling doesn't inspire confidence. Rising interest rate environment is not a time to be long financials. Puts $1.75

Reached lower support of channel (the measured move target) with the 200-day MA nearby. Decided to take a nibble on a couple of Sep calls. In: Sep 590 Russell 2000 calls $35.30

Bought this a little premature and rode out the rally to $52. The decline has been swift and I expect further downside - but with the 200-day MA tested on Friday I decided to take my profit Puts: In $2.10 Out: $3.30

Couldn't post this on Friday because of a glitch in Blogger. Hit my stop for a small loss. Possibly too tight with the stop - but energy stocks are in the latter phases of their rallies and I didn't want to get stuck with a big reversal In: $3.03 Out: $2.98

Ran my stop (too) tight here. Price action still has the fit of a bullish consolidation so I may come to regret my stop placement. In: $3.03 Out: $2.98 Image uploading bust...