Semis In Trouble Longer Term?
Once
again, there
were no interesting covered options that set up. Remain patient until conditions
improve.
There’s not too much to look at
again tonight (Friday).
On the
short side, the semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) still look vulnerable. This is especially
true when you look at the weekly charts. Continue to look for buying
opportunities in puts and put spreads here.
On the short side, oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks vulnerable. Continue to look for buying
opportunities in puts and put spreads here.
Best of
luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!
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