Paul King Daily Newsletter 04/01/2016

AIZ is at the beginning of a significant breakdown
Based on the previous analysis in AIZ, traders should ensure that their portfolio can handle increased risk from an additional trade. Also check to make sure that AIZ increases diversification of your current portfolio. Lastly, smart traders check how a new position relates to not just their account, but the current market action as well. For example, take a look at the S&P 500. Is it moving higher or lower? Has it recently moved through a key resistance or support level? Be sure to match up your trading actions on AIZ in relation to the overall market movement.
chart-03312016[1]
Right now the custom sentiment levels, measured by Traders For Wealth, indicate an increasingly negative bias toward AIZ. In addition, the price action in AIZ has been moving down as well. This could be a strong sign of an impending breakdown. Traders should view this as a very bearish trade and make sure it matches up with the overall market, and their current portfolio.
Assurant Inc (AIZ)
Assurant, Inc. (Assurant) is a provider of insurance products and related services, which operates in North America, Latin America, Europe and across the world. The Company operates in four segments: Assurant Solution, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits. Assurant Solutions provides mobile device protection, debt protection administration, credit-related insurance, warranties and service contracts and pre-funded funeral insurance. Assurant Specialty Property provides lender-placed homeowners insurance, renters insurance and related products and manufactured housing homeowners insurance. Assurant Health provides individual health and small employer group health insurance. Assurant Employee Benefits primarily provides group dental insurance, group disability insurance and group life insurance.