Do Or Die For Retail?
The semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) still look
positive longer-term. Look for buying
opportunities in calls and call spreads here but wait for follow through to the
upside as the Cisco news will likely weigh heavy on the sector early on.
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) sold off back to
the area of its recent breakout (a). This leaves it at the “do or die”
point. Look for buying opportunities in calls and call spreads here, but only if
it shows signs of strength.
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, stalled out in a rally on Tuesday but
continues to hold up fairly well. Continue to look for buying
opportunities in calls and call spreads here on any resumption of strength.
Follow
Up
Oil
service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, has rallied nicely over the past
few days. If you have any profits here, you might want to lock in a piece.
Best of
luck with your trading on Wednesday!