Biotech Worth Watching

• June 8, 2001
• Dave Landry

Once again, Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating) still
looks poised to head lower out of a topping formation. For the nimble, continue
to look for buying opportunities in puts and put spreads here.

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Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
has begun to pull back from its strong uptrend. Begin looking for buying
opportunities in calls and call spreads here but wait for the overall market to
finish correcting.

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For you OEX traders, the Vix remains at
relatively low levels. Continue
to look for buying opportunities in puts and puts spreads here.

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The Nasdaq 100 Vix
(
$VIX.X |
Quote |
Chart |
News |
PowerRating) (and QQQ Vix
(
$QQV.X |
Quote |
Chart |
News |
PowerRating)) also remains at relatively low
levels. Look for buying opportunities in puts and puts spreads here too.

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Best of
luck with your trading on Monday!

P.S. Reminder:
Protective stops on every trade!

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