Fresh Intermediate Term Sell Signal: CAT (180.55) Option: Oct 21st $175P (6.20-6.40) Targets: CAT < $160; $175P >$15 Stop: Trailing 50% On Put Note: Previous Intermediate Sell Signal (Jun 16) was good for 25 CAT points in less than 4 weeks. New Blue Line Videos I posted two new videos this weekend to our Blue Line YouTube channel. Both are under 60 seconds, my personal threshold for YouTube videos these days, and worth a quick view: (1) Trap Door To Hell - A visual on how bonds and financials could have a lot further to go on the downside, higher rates, lower prices, additional pressure on equities in the months ahead. (2) QQQ Follow-Up - Using the QQQ Fibonacci Reversal Window to call the Wave 2 Top. Today: HYG, TLT and XLF are all down, as is the stock market after a brief and tempered gap-up open.
