Chubb makes a move

Chubb (CB) had a nice drop of 4.6% on the first day after we shorted it, falling through our profit target of 277 and coming up to rest on it at the close. Maybe we were a little too conservative this time.

The question now is where might the next support level be? The next planetary level is at 264. We're not in this trade right now, but if the price were to pull back to around 285 we

might be tempted to try another short, with a target of around 264.