Hi Shoppers,

I do believe the overall market will go lower, but I see a nice chart in United Parcel Services (Ticker: UPS):

UPS has been in a downtrend since that hanging man on Aug. 19, bringing down 23.5%.

Looks like we have confirmation of the hammer and UPS will trade higher from here.

It did just trade almost $172 four days ago.

I think UPS can trade at least $174.

Looking at the options I like this week’s $167.50 calls:

Trade Review

In my last email, I recommended buying calls in Merck (Ticker: MRK) and the stock did not trade higher.

MRK became a victim of this down trending market.

I did not make the trade.

Thanks for Reading … See You Next Tuesday.

Licia Leslie