Sox Still Strong
There’s not too much to look at again tonight.
Once again, if you are bottom fisher, you might consider those sectors that bounced off of
their recent lows.
The semis
(
$SOX.X |
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PowerRating), mentioned recently,
appear to be attempting a rally. Continue to look for buying opportunities in calls and call
spreads but focus on the strongest issues.
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Looking Ahead
The broker/dealers
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$XBD.X |
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PowerRating) appear to be putting in either a double bottom or an inverted
cup and handle. We should know in a few days.
Best of
luck with your trading on Tuesday!
P.S. Reminder:
Protective stops on every trade!