Still Set Up For Puts
Technology in general
(
$PSE.X |
Quote |
Chart |
News |
PowerRating) appears
to be stalling out at recent highs. Look for buying opportunities in puts and
put spreads on a follow through to the downside.
Broker/Dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) is in day three of a pullback from lows and looks poised to resume
its downtrend. Look for buying opportunities in puts and put spreads but
wait for a follow through to the downside.
Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, continues to rally from
lows. Continue to look for buying opportunities in puts and put spreads here on any signs of a
resumption of its downtrend.
Looking
Ahead
It
still looks like the banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) are putting in a big picture top.
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) remains extremely weak and may set up as a pullback from lows
over the next few days.
Best of
luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!