Same As It Ever Was

  • May 14, 2001
  • Dave Landry

As mentioned recently, most sectors remain in choppy, range-bound
mode. Therefore, wait for signs of a potential breakouts before attempting to
establish new positions. Also, you might want to be cautious about taking
positions ahead of the Fed’s decision.

Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) still looks like it has the
potential to rally out of a loosely-formed cup and handle. Look for buying
opportunities in calls and call spreads here.

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Gold and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) has now formed
a three-day pullback/flag. Look for buying opportunities in calls
and call spreads here.

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Best of
luck with your trading on Tuesday!

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

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