Broker Breakdown

  • March 20, 2001
  • Dave Landry

Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, spiked higher (a) but reversed to close
poorly (b). This suggests that its downtrend remains intact.
Continue to look for buying
opportunities in puts and put spreads here.

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The
banks
(
$BKS.X |
Quote |
Chart |
News |
PowerRating) appear to be putting in a big picture top. Look for buying
opportunities in puts an put spreads here.

src=”https://tradingmarkets.com/media/images/Landry3/bks032001.gif” width=”460″ height=”320″>

Once
again, major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) failed to rally in the face of a declining
market (even though defensives issues should do so). Look for buying opportunities in puts and
put spreads here.

src=”https://tradingmarkets.com/media/images/Landry3/drg032001.gif” width=”460″ height=”320″>

Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
still looks vulnerable. Continue to look
for buying opportunities in puts and put spreads here.

Best of
luck with your trading on Wednesday!

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

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