Can You Bank On It?
The February at-the-money calls on Computer
Associates
(
CA |
Quote |
Chart |
News |
PowerRating), mentioned recently in my Stock Outlook, appear to be
reasonably priced.
The banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) continue to hold up
fairly well in spite of the overall market. This suggests that they still have
the potential to rally out of a high-level cup and handle. Look for buying
opportunities in calls and call spreads on any follow through to the upside.
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
recovered from Tuesday’s sell off. This action suggests that its
choppy uptrend remains intact. Look for buying opportunities in calls and call spreads here.
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, tailed lower on Wednesday but recouped most of its losses. This suggests its uptrend from lows (or low-level cup
and handle) remains intact. Continue to look for buying
opportunities in calls and call spreads here on any resumption of strength.
Follow
Up
Best of
luck with your trading on Thursday!
P.S. Reminder:
Protective stops on every trade!