Set Up For Puts?
Gold and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, appears to be resuming its uptrend out of its first pullback. Continue to look for buying opportunities in
calls and call spreads here.
Many individual issues in telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
are set up as pullbacks from lows. Continue to look for buying
opportunities in puts and put spreads here.
Although
the semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) rallied on Monday, they still look vulnerable.
Continue to look for buying opportunities in puts and put spreads here on any
follow through to the downside.
Broker/Dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) is in day two of a pullback from lows and looks poised to resume
its downtrend. Look for buying opportunities in puts and put spreads here.
Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) is also in day two of a pullback from lows.
Look for buying opportunities in puts and put spreads here on any signs of a
resumption of its downtrend.
Looking
Ahead
It
looks like the banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) may be putting in a big picture top.
Best of
luck with your trading on Tuesday!
P.S. Reminder:
Protective stops on every trade!