Good Insurance; Follow Up On Recent Action
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), appears to be
finding support near its recent lows. This action suggests that its longer term
uptrend remains intact. Look for buying opportunities in
puts and put spreads here.
Follow Up/Looking Ahead
The telecoms
(
$XTC.X |
Quote |
Chart |
News |
PowerRating),
mentioned Wednesday night, were up sharply on Thursday. If you have profits
here, you might want to lock in a piece.
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
may set up soon on the short side.
Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, continued to drop on Thursday. If you have profits here, you might
want to lock in a piece.
Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, resumed its slide on Thursday. If you still have positions here, you
might want to take advantage of this side and continue to scale out.
Best of
luck with your trading on Friday!
P.S. Reminder:
Protective stops on every trade!