Is Retail A Buy?

  • December 18, 2000
  • TradingMarkets Editors

Once again, there were no covered options that set up.
Remain patient until conditions improve. 

The nearby at-the-money and slightly
in-the-money calls on Neuberger Berman
(
NEU |
Quote |
Chart |
News |
PowerRating), mentioned in Monday’s Stock
Outlook, are fairly priced. Look for buying opportunities in calls and call
spreads on any resumption of strength in the underlying stock. 

src=”https://tradingmarkets.com/media/images/Landry2/neu121800.gif” width=”470″ height=”320″>

Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
appears to be resuming its longer-term uptrend out of a pullback formation. Continue to look for buying
opportunities in call and call spreads here on any resumption of strength.

src=”https://tradingmarkets.com/media/images/Landry2/iux121800.gif” width=”470″ height=”320″>

Gold
and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks like it has the
potential to rally out of a cup-and-handle formation. Continue to look for buying opportunities in calls and call spreads here.

Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to resume its choppy uptrend.
Look for buying opportunities in calls and call spreads here but stick with the
strongest issues.

src=”https://tradingmarkets.com/media/images/Landry2/rlx121800.gif” width=”470″ height=”320″>

The semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look vulnerable. Continue to look
for buying opportunities in puts and put spreads here.

Best of
luck with your trading on Tuesday!

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