Minor gains for the major indices amid a low volume relief rally. Sector leadership came from Coal +4.3%, Steel +4.3%, Mining +3.4%, Chemical +3%, Paper +3%, Oil Service HOLDRs OIH +2.8%, Casino +2.2%, Crude Oil +1.5%, Natural Gas +1.4%. Banks and insurance were weak due to loan loss hikes and AIG's need to raise more capital.The H&S top scenario is on track and the choppiness amid a lower volume rebound supports the right shoulder pattern.
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Optionvine which tracks unusual option activity has shown consistent put buying last week and this week in WFC. SIGM had put buying today. SGR had call buying.
This information is for entertainment purposes only.
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