Once again, there were no covered options that set up.
Remain patient until conditions improve.Â
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.
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.
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.
luck with your trading on Friday!
Protective stops on every trade!