Bad Insurance?
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating),
mentioned last night as a potential volatility play, may have “head
faked” up on Wednesday. Watch to see if its sell off resumes. If it does,
then it may provide buying opportunities in put and put spreads.
Broker/dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks vulnerable. Continue to look for buying opportunities in
puts and put spreads here.
For the nimble,
retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) appears to be rolling over. Look for buying opportunities
in puts and put spreads here.
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
appears to have stalled out after rallying back to a congestion level. This
action suggests that it may have one more trip to its recent lows left in it.
Look for buying opportunities in puts and put spreads here.
Best of
luck with your trading on Thursday!
P.S. Reminder:
Protective stops on every trade!