Oils/Oil Service Remain Vulnerable
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
rallied earlier in the day but reversed to close poorly. This action suggests
that its downtrend remains intact. Continue to look for buying opportunities in puts and put spreads
here.
The oils
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
and oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), also mentioned recently, also reversed after
rallying earlier in the day. Continue to look for buying opportunities in puts and put spreads here.
Best of
luck with your trading on Tuesday!
P.S. Reminder:
Protective stops on every trade!