Good morning traders. Like the broad market, the Insurance Index ($DJSINS) is refusing to retrace lower. Please observe the chart below.
$DJSINS has consolidated just above prior highs for the past two weeks. If it is true that the market does not give traders this much time to take profits, then $DJSINSmust be setting up to resolve higher.
We are watching components of the industry for long trade opportunities including AIG, MET, PRU, ACE, TRV, ALL, AFL, CB, HIG, and PFG.