Oil Service Still Vulnerable
There’s not much to look at tonight.
Therefore, you might consider locking in some profits and waiting for the
markets to set up again.
Oil service
(
$OSX.X |
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Chart |
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PowerRating),
mentioned recently, still looks vulnerable. Continue to look for buying opportunities in puts and put spreads here.
Follow Up
Biotech
(
$BTK.X |
Quote |
Chart |
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PowerRating)
and the major oils
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) where hit especially hard on Tuesday. If you
have profits here, you might want to lock in a piece.
Best of
luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!