Choppy

  • May 11, 2001
  • Dave Landry

Most sectors remain in choppy, range-bound
mode. Therefore, wait for signs of a potential breakout before attempting to
establish positions.

Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) looks like it has the
potential to rally out of a loosely-formed cup and handle. Look for buying
opportunities in calls and call spreads here.

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Gold and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) is in the
early phases of forming a flag/pullback. Look for buying opportunities in calls
and call spreads here on any signs of its uptrend resuming.

src=”https://tradingmarkets.com/media/images/Landry4/xau051101.gif” width=”470″ height=”320″>

Best of
luck with your trading on Monday!

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

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