Once Again, Still Set Up For Puts

  • March 28, 2001
  • TradingMarkets Editors

Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be resuming its
longer-term downtrend. Continue to look for buying opportunities in
puts and put spreads here.

Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be stalling out in its rally
from lows. This suggests that its longer-term downtrend remains intact. Continue to
look for buying opportunities in puts and put spreads
here.

src=”https://tradingmarkets.com/media/images/Landry3/btk032801.gif” width=”460″ height=”320″>

Although
drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) were up again on Wednesday, the weren’t up as much as one
would expect for such a weak stock market. Therefore, continue to look for
buying opportunities in puts and put spreads here on any signs of weakness.

src=”https://tradingmarkets.com/media/images/Landry3/drg032801.gif” width=”460″ height=”320″>

Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, gave back all of Tuesday’s gains and then
some on Wednesday. This suggests that its strong downtrend remains intact. Continue to look for buying opportunities in puts and
put spreads here.

src=”https://tradingmarkets.com/media/images/Landry3/xbd032801.gif” width=”460″ height=”320″>

Best of
luck with your trading on Thursday! 

P.S. Reminder:
Protective stops on every trade!

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>