Cyclicals Poised To Rally
Heads up! There is late-breaking news
regarding the election. See my Stock
Trading Outlook for details.
There were no covered options that set up
tonight (Friday).
Consumer non-durables
(
$CMR.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, will likely continue to hold up well in
this vulnerable environment. Continue to look for buying opportunities in calls and call spreads here.
The
chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) and cyclicals
(
$CYC.X |
Quote |
Chart |
News |
PowerRating) closed well after
recently pulling back. This action suggests their uptrend remains intact. Look
for buying opportunities in calls and call spreads here.
Internet
basis the Dot
(
$DOT.X |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to resume its
strong downtrend. Look
for buying opportunities in puts and put spreads here.
Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks vulnerable. Continue to look for buying opportunities in
puts and put spreads here.
Looking Ahead
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) continues its strong
uptrend. There may be buying opportunities here on the next pullback.
Best of
luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!