Just Say No To Drugs
The major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, look poised to continue their meltdown out of a Bow Tie formation.
Continue to look for buying opportunities in
puts and put spreads here.
Health Care
(
$HCX.X |
Quote |
Chart |
News |
PowerRating) has formed a
similar pattern.
Follow Up/Looking Ahead
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) broke below key
support on Tuesday. It will likely set up on the short side on the first bounce.
If you have any profits left over in Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, you might want to continue to scale out as
it is down sharply as of late.
Best of
luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!