Software Remains Vulnerable
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, looks poised to
resume its downtrend out of a pullback from lows. Look for buying opportunities
in puts and puts spreads here.
The major oils
(
$XOI.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still appear to be stalling out in their retracement from lows.
Continue to look
for buying opportunities in puts and put spreads here.
Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, appears to be resuming its strong downtrend. Look for buying
opportunities in puts and put spreads here.
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
rallied earlier in the day but "tailed off" to close poorly. This
suggests that its downtrend remains intact. Look for buying opportunities in
puts and put spreads here.
Follow Up
For those who took
trades in retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, you might want to lock in
a piece as they began to stall out after rallying earlier in the day (Tuesday).
Best of
luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!