Hi Shoppers,

I believe there is a shooting star created in Colgate Palmolive (Ticker: CL):

A shooting star can indicate a trend reversal at the top of an uptrend.

I do have support at $74.75, so I will wait for the stock to trade below $74.25 or so before hopping into next week’s puts:

The markets are wide and don’t trade much but you should be able to purchase the 74 puts for a reasonable price, $.50 or so.

The next support level will be the 50 day at $73.23, below that I think CL can trade to $72.10.

Trade Review

FedEx (Ticker: FDX) never traded higher, so no trade was made.

Thanks for Reading … See You Next Tuesday.

Licia Leslie