Bailout Week

Finally the bailout has been passed! The bailout has made me nervous the whole week. As with everybody, I was expecting the market to rally when it is passed. It didn't happen (yet?).

My interpretations of selected sectors:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Natural Gas	Down	Down	Down
Oil	Down	Down	Down (-)
SecurityBroker	Down	Down	Down
Bank	Down	Neutral	Neutral (-)
Insurance	Down	Down	Down
Housing	Down	Neutral (-)	Neutral (-)
Shipping	Down	Down	Down
Steel	Down	Down	Down
Retail	Down	Down (-)	Down
Biotech	Neutral (-)	Neutral	Down
Airline	Down	Neutral	Down (-)

I'm keenly watching the banking sector. Going to get some puts. Maybe increasing puts for retailers too. Everything is very oversold at the moment. So, I will be very cautious on any rebound.