Oils/Oil Sevice Setting Up
There’s not too much to look at again tonight
as the markets remain choppy.
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
rallied on Friday but still looks vulnerable longer-term. 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) appear to be setting up as pullbacks from lows.
Look for buying opportunities in puts and put spreads here on signs of a
reversal.
Best of
luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!