Don’t Bank On It?

• April 3, 2001
• Dave Landry

Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating), both mentioned recently, appear
to have resumed their strong downtrends. Continue to look for
buying opportunities in puts and put spreads here.

The
banks
(
$BKS.X |
Quote |
Chart |
News |
PowerRating) appear to be rolling over from their sharp rally from
lows. Look for buying opportunities in puts and put spreads here.

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The
financials
(
XLF |
Quote |
Chart |
News |
PowerRating) also appear to be stalling out and reversing from their sharp
rally from lows. Look for buying opportunities in puts and put spreads here.

src=”https://tradingmarkets.com/media/images/Landry3/xlf040301.gif” width=”470″ height=”320″>

Follow
Up

Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating), and Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), all mentioned recently, were hit pretty hard on Tuesday. If you
have positions here, you might want to lock in a piece.

Best of
luck with your trading on Wednesday! 

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

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