Another Shot At The Semis?
There’s not too much to look at again tonight.
Once again, if you are bottom fisher, you might consider those sectors that bounced off of
their recent lows but wait for follow through to the upside in the overall
market.
The semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) appear to be stabilizing.
This combined with positive action in the Nasdaq suggests that we could see some
follow through to the upside. Look for buying opportunities in calls and call
spreads but focus on the strongest issues.
Best of
luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!