Good Insurance?
Once again, there were no covered options that set up.
Remain patient until conditions improve.Â
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
probed lower on Thursday but recovered to close fairly well. This action
suggests that its uptrend remains intact. Continue to look for buying
opportunities in call and call spreads here on any resumption of strength.
Gold
and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) appears to have stabilized after Wednesday’s sell-off. This suggests that the bullish big-picture cup-and-handle remains intact.
Look for buying opportunities in calls and call spreads here.
On the short side, Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks vulnerable. Continue to look for buying
opportunities in puts and put spreads here.
The semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look vulnerable. Continue to look
for buying opportunities in puts and put spreads here.
Major oils
(
$XOI.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, began to break down out of a major topping
formation on Thursday. Continue to look for buying opportunities
in puts and put spreads here.
Best of
luck with your trading on Friday!
P.S. Reminder:
Protective stops on every trade!