Insurance Continues To Rally
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) continues to rally
out of a pullback from highs. Therefore, continue to look for buying opportunities in calls and
call spreads here.
Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating)
are beginning to pull back. Continue to look for buying opportunities in
calls and call spreads here.
Looking Ahead
Once again, many sectors that were in pullbacks form lows
have failed to follow through to the downside. In fact, many such as retail,
broker/dealer and biotech were up nicely on Thursday. These may set up on the long side
soon.
Best of
luck with your trading on Friday!
P.S. Reminder:
Protective stops on every trade!