One Rally Left In Oil Service?
a reminder, I’ll be speaking on the afternoon of Saturday, October 14th at the TradingMarkets2000 First Annual Traders
Conference. I’ll also be available for one-hour private workshop held later
I’m pleased to announce that we recently launched the Trader’s
Galleria. Check it out, there you’ll find books, software, trading courses,
computers and just about everything else a trader needs to be successful. You
can even pre-order my upcoming book on swing
trading at a 20% discount.
PowerRating), on the Pullbacks
Off Highs List, may provide an opportunity for
covered calls. You can buy the stock for 77 5/8 and sell the November 80 calls
for 2 7/8. This represents
approximately a 7% return (more than 40% annualized, based
on 53 days until expiration) should the stock be called
PowerRating) bounced off of its 61.8% retracement of its recent up
leg. This suggests these stocks may have one more rally to old highs left in
them. Look for buying opportunities in calls and call spreads here.
PowerRating), led by Intel
PowerRating), remain vulnerable. These stocks
may offer shorting opportunities on the next pullback (rally).
of luck with your trading on Tuesday!
Protective stops on every trade!