Still Set Up For Puts

  • March 27, 2001
  • TradingMarkets Editors

Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks vulnerable
longer-term. Continue to look for buying opportunities in
puts and put spreads here on any resumption of trend to the downside.

Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)j, mentioned Monday, continues to rally from lows. However, if it
stalls out in here, a challenge of the old lows is likely. Continue to watch for buying opportunities in puts and put spreads
here on any signs of weakness.

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Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), like the biotechs, continue to rally from lows. They too still
look vulnerable longer-term. Look for buying opportunities in puts and put
spreads here.

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Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) is yet another sector that was up on Tuesday but still looks
vulnerable longer-term. Continue to look for buying opportunities in puts and
put spreads here but wait for signs of weakness.

Best of
luck with your trading on Wednesday! 

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

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