Opportunites In Puts
Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) is now set up as
a pullback from lows. Look for buying opportunities in puts and put spreads
here.
Many other sectors
including Banks
(
$BKS.X |
Quote |
Chart |
News |
PowerRating), computer technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating), software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating), semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating)
are also set up as pullbacks from lows. Look for buying opportunities in puts
and put spreads here.
Looking Ahead
Even though
insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) has been up sharply over the last two days, it still
looks like nothing more than a pullback from lows setting up. This sector should
set up on the short side soon.
Best of
luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!