More Lows In Vix

  • May 22, 2001
  • Dave Landry

Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) look like they have
the potential to rally out of a flag formation. Look for buying opportunities in calls
and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry4/cex052201.gif” width=”470″ height=”320″>

Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently,  are also consolidating
at high levels and look poised to continue higher. Look for a buying opportunity
in calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry4/drg052201.gif” width=”470″ height=”320″>

For you OEX
traders. The Vix is at its lowest level since February. This, combined with
numerous sell signals on the Market
Bias Page, suggests that there could be a buying opportunity in puts and put spreads
here.

src=”https://tradingmarkets.com/media/images/Landry4/vix052201.gif” width=”470″ height=”320″>

Best of
luck with your trading on Wednesday! 

P.S. Reminder:
Protective stops on every trade!

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>