Defensive Issues Strong
were no meaningful covered option opportunities that set up tonight (Tuesday).
Continue to remain patient until conditions improve.
Even though insurance
poorly on Tuesday, it still looks like it has the potential to resume its
longer-term uptrend. Continue to look for buying
opportunities in calls and call spreads here on any resumption of strength..
Due to the oversold nature of most sectors,
there were setups on the short side tonight (Tuesday). If biotech
continues to pullback from lows, it could set up over the next few days.
luck with your trading on Wednesday!
Protective stops on every trade!