Bad Drugs And Bad Insurance

  • January 9, 2001
  • Dave Landry

The cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating) still
look like they have the potential to rally out of a pullback. Continue to look for buying opportunities in calls
and call spreads here on any resumption of strength.

For the bottom fishers, the
semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) appear to have put in a major bottoming formation. Look
for buying opportunities in calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry2/sox010901.gif” width=”470″ height=”320″>

Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks poised to resume its
meltdown. Look for
buying opportunities in puts and put spreads here on any resumption of weakness.

src=”https://tradingmarkets.com/media/images/Landry2/drg010901.gif” width=”470″ height=”320″>

Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) appears to be consolidating at lower levels and looks poised to
resume its meltdown. Look for buying opportunities in puts and put spreads here.

src=”https://tradingmarkets.com/media/images/Landry2/iux010901.gif” width=”470″ height=”320″>

 

Best of
luck with your trading on Wednesday!

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

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