Biotech Remains Strong
mentioned recently, performed well on a relative basis on Thursday. It is
still set up as a low-level cup and handle. Look for buying
opportunities in calls and call spreads here but don’t overstay your welcome as
there is overhead resistance.
Follow Up/Looking Ahead
The VIX is getting stretched to the upside and
may set up for OEX trades soon.
luck with your trading on Friday!
Protective stops on every trade!