Nothing Much
There’s not much to look at again tonight
(Friday). Most everything is so oversold it’s too late to establish positions.
Also, most everything remains extremely choppy. Therefore, I think we should remain nimble and keep positions
light until conditions improve.
The banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) continue to hang in
there. Therefore, continue to look for buying opportunities in calls and call
spreads here but only if they begin to show
some signs of follow through to the upside.
Looking Ahead
For you OEX traders. The VIX looks like it
could set up as some CVR buy signals soon.
Best of
luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!