Broker/Dealer Still In Weak Position
Even though the market rallied on Monday, many sectors, especially technology,
still remain oversold. Therefore, continue to wait for a retrace from lows in
these sectors before
entering new put positions.
PowerRating) was up sharply on Monday, it still looks poised to resume its strong downtrend.
Continue to look for buying
opportunities in puts and put spreads here but wait for follow through to the
PowerRating) has formed an inverted cup and is in day one of what could be
the beginning of a handle. This sector could set up on the short side over the
next few days.
luck with your trading on Tuesday!
Protective stops on every trade!