Insurance Resuming Uptrend
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) is beginning to
rally out of its first pullback since its melt-up from lows. Continue to look
for buying opportunities in calls and call spreads here.
Once again, the drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and
healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating) are in a pattern somewhat similar to insurance.
Continue to look for buying opportunities in calls and call spreads here.
Looking Ahead
Many sectors that were in pullbacks from lows
have failed to follow through to the downside. These include retail,
broker/dealer and biotech. They may set up on the long side soon,
provided, of course, their rallies continue.
Best of
luck with your trading on Thursday!