Bearish But No Panic

The prices goes down, but there is no panic. Charts are at oversold position. Maybe a turnaround is around the corner.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
Nasdaq Comp	Down	Down	Down
Russell 2000	Down	Down	Down
AMEX Airline	Down	Down	Down
AMEX Biotech	Down	Down (-)	Down (-)
AMEX Natural Gas	Down	Down	Down
AMEX Oil	Down	Down	Down
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Down (-)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Semiconductor	Down	Down	Down
S&P Retail	Down	Down	Down

CME Group Inc. (CME)

CME Weekly Chart

CME is at consolidation area. Bought 2009 Jun PUT when the chart shows that it gave a sell signal. But the last minute rally changes the eod chart. Supports: 155/80.

Chipotle Mexican Grill, Inc. (CMG)

CMG Daily Chart

Anticipating a breakdown for CMG as weekly RSI uptrend has been broken. Support: 37. Bought 2009 Jun PUT.

Qiagen NV (QGEN)

QGEN Daily Chart

QGEN has broken down from a rising flag. No supporting uptrend line. Supports: 13/11/9. Bought 2009 May PUT.

IntercontinentalExchange, Inc. (ICE)

ICE Weekly Chart

ICE has a strong support at 50.00 but if it breaks, next support is at 30.00. Bought 2009 Jun PUT.

China Mobile Limited (CHL)

CHL Daily Chart

CHL has given me a sell signal. If it breaks the immediate uptrend channel (currently at 43-44 region), then the next uptrend support is at 32.00. Bought 2009 Jun PUT.

Best Buy Co. Inc. (BBY)

BBY Daily Chart

Anticipating BBY breaking down due to poor market sentiment. Supports: 26/17. Bought 2009 Jun PUT.