Bad Drugs
Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) appear to
be stabilizing in a pullback from highs. This action suggests that their uptrend
remains intact. Look for buying opportunities in calls and call spreads here
but, as always, wait for follow-through to the upside.
The cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating)
look poised to rally out of a pullback. Look for buying opportunities in calls
and call spreads here.
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.
Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) appear to be pausing before resuming their meltdown. Look for
buying opportunities in puts and put spreads here.
Best of
luck with your trading on Tuesday!
P.S. Reminder:
Protective stops on every trade!