Back To Drugs

• November 6, 2000
• Dave Landry

There were no covered options that set up
tonight (Monday). We should have plenty of setups once we get a little
volatility back into the market.

Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be resuming their uptrends out of
pullback formations. Continue to look for buying opportunities in
calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry/drg110600.gif” width=”470″ height=”320″>

Consumer
non-durables
(
$CMR.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, also appear to be resuming
their recent uptrend. Continue to look for buying opportunities in calls and
call spreads here. 

Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), rallied to close
well–reversing Friday’s sell off. This suggests its longer-term uptrend remains
intact. Look for buying opportunities in calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry/iux110600.gif” width=”470″ height=”320″>

 

Best of
luck with your trading on Tuesday!

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

P.P.S. Vote! Call your CPA and vote
your pocket book if you’re on the fence.