Short Health Insurers

Probably going to say short everything soon, but there are potential double tops in this sector with the sector itself already rolling over in a broadening megaphone pattern. I included stocks with large weights in the sector even if their charts aren't terribly bearish.

The Entire Health Insurance Sector Gets Blasted

Supposedly because of Humana's medicare advantage news, but the market ignored the drop until the noontime hour, when suddenly the whole sector started a vertical decline. My take: this is what the entire stock market will look like soon. This is panic reflective of the overall market's true psychology. Maybe Pelosi's gift (the ACA) of billions of dollars each year, ripped from middle class pocketbooks and the U.S. treasury, has run out. Bad news for the rest of the economy if USG is trimming subsidies for Medicare too, since it means the money printer may be dialing down.