if MKC tests 102.5, buy puts

29 thg 6, 2016

Upward wedge ... stock is close to overbought ... market rally could continue into wednesday help push it to previous high of 1025 ... if it can't break 102.5 it has nowhere to go but down ... below average earnings expected on thursday ... will send it tumbling to that bottom support around 100.42 ... expect market to pullback in second half of week, helping this process