Biotech Stalls

September 28, 2001
Dave Landry

Banks
(
$BKS.X |
Quote |
Chart |
News |
PowerRating) continue to rally but
still look vulnerable longer-term. Continue to look for buying opportunities in puts and put spreads
here but wait for follow through to the downside.

Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) tailed higher but
reversed to close poorly. This action suggests its downtrend remains intact.
Look for buying opportunities in puts and put spreads here.