Cyclicals Strong

  • January 3, 2001
  • Dave Landry

The cyclicals 
(
$CYC.X |
Quote |
Chart |
News |
PowerRating)
formed a bullish outside day at new highs on Wednesday. Look for buying opportunities in calls and call
spreads here.

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Forrest and paper products
(
$FPP.X |
Quote |
Chart |
News |
PowerRating)
rallied nicely on Wednesday reversing Tuesday’s sell off. This action suggests
that its uptrend remains intact. Look for buying opportunities in calls and call
spreads here.

Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) look
poised to rally out of a pullback from highs. Look for buying opportunities in
calls and call spreads here.

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Follow
Up

The
banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating), mentioned Tuesday night, were up sharply on Wednesday. If
you have any profits here, you might want to lock in a piece.

Best of
luck with your trading on Thursday!

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

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