Once again, there were no covered options that set up
tonight (Tuesday). We should have plenty of setups once we get a little
volatility back into the market.
PowerRating) and healthcare
mentioned recently, stalled out on Tuesday but still look bullish longer-term. Continue to look for buying opportunities in
calls and call spreads here.
Continuing on the short side, the semis
have broken their recent uptrend from lows. And on the weekly chart, they are
forming a three-bar pullback from lows. This suggests that they remain
vulnerable and prone to continue their longer-term downtrend. Look for buying
opportunities in puts and put spreads here.
luck with your trading on Wednesday!
Protective stops on every trade!