Opportunities In Puts?

  • June 22, 2001
  • Dave Landry

Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, appears to be stalling out and looks poised to resume its
downtrend. Continue to look for buying opportunities in puts
and put spreads here.

 

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Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
is forming a pullback from lows and looks like it has the potential to resume
its meltdown. Look for buying opportunities in puts and put spreads here.

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Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) looks poised to
breakdown out of a big picture topping formation. Look for buying opportunities
in puts and put spreads here.

For you OEX
traders, the VIX began to rise on Friday. This action creates a CVR II sell
signal on the Market Bias Page. Continue to look for
watching for buying opportunities in puts and put spreads here. 

Looking Ahead

Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating)
will likely set up on the short side on the first bounce.

Best of
luck with your trading on Monday!

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

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