Still A Bull On Tech

• April 27, 2001
• Dave Landry

My commentary is essentially the same as it
has been lately: Technology remains constructive. Most of these sectors look
poised to rally out of first pullbacks/Bow Ties and/or cup and handles. Continue
to look for buying opportunities in calls and call spreads here. These sectors include biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) (not shown),
Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating), semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), computer technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
and software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating). 

src=”https://tradingmarkets.com/media/images/Landry4/xci042701.gif” width=”470″ height=”320″>

src=”https://tradingmarkets.com/media/images/Landry4/sox042701.gif” width=”470″ height=”320″>

src=”https://tradingmarkets.com/media/images/Landry4/iix042701.gif” width=”470″ height=”320″>

src=”https://tradingmarkets.com/media/images/Landry4/gso042701.gif” width=”470″ height=”320″>

Follow Up

Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating)
remains constructive but is approaching its recent highs. If you have profits
here, you might want to lock in a piece.

Best of
luck with your trading on Friday! 

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

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>