Hurricane Stocks - Part 2 (Puts)

Likely areas affected by Hurricane Gustav are Louisiana, Texas and New Orleans, Miss., Alabama, Florida

Tracing back to Hurricane Katrina the sectors badly affected are
Oil, Gambling and Entertainment, Agriculture and Forestry and Utilities.

Usually, it is harder to go short on any stocks...thinking that things might work your way. Most of these stocks have been massively oversold and developed a strong support.

But I found a potential short opportunity that is worth looking at.

We have seen the Rails sector rallying a bit for the past 8 days, so there might be some relief selling coming soon.

Check out UNP, it is still in bullish phase. The tip has touched the trend line and retreated a bit signaling a possible pullback to about 76.53 - 80.

If you notice, it could be forming into a rising wedge..which is a bearish sign.
But do be prepared with your stop losses in case it plans to continue the journey higher.