Hi Shoppers,

Have you looked at General Electric (Ticker: GE) lately?

It has rallied 30 bucks since January 4th.

Yesterday’s candle is looking like a bearish engulfing candle which may be signaling an end to that uptrend:

I will be looking for GE to trade below that long standing uptrend line for my confirmation.

Once that happens, GE looks like it is ready to roll over and the next support level comes in at $92.50 and then $88.50.

Looking at the options, I like next week’s 94 puts:

Remember to wait for that confirmation before hopping in.

Thanks for Reading … See You Next Tuesday,

Licia Leslie