Tech Set Up For Puts

  • January 4, 2001
  • Dave Landry

Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating),
mentioned Wednesday night, began rallying out of a pullback on Thursday.
Continue to look for buying opportunities in
calls and call spreads here.

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Internet
(
$IIX.X |
Quote |
Chart |
News |
PowerRating)
stalled out right at recent resistance (a). This action suggests that its
downtrend remains intact. Look for buying opportunities in puts and put spreads here.

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Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) has formed a pattern similar to Internet. Look for buying opportunities in
puts and put
spreads here.

Looking
Ahead 

The drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating)
may offer put/put spread buying opportunities on their first pullback from lows. 

Best of
luck with your trading on Friday!

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

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