Tech Still A Wreck

  • December 29, 2000
  • Dave Landry

There were not any
covered options that set up on Friday.

Gold and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) continues to be
holding up fairly well at higher levels and still looks like it has the
potential to resume its uptrend. Continue to look
for buying opportunities in calls and call spreads here.

Internet
(
$IIX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, appears to be resuming its downtrend. Continue to look for buying opportunities in
puts and put spreads here.

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Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
also appears to be resuming its downtrend. Continue to look for buying opportunities in puts and put spreads here.

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Computer technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) is yet
another area of technology that appears to be resuming its downtrend out of a
pullback from lows. Continue to look for buying opportunities in puts and put spreads here. 

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Best of
luck with your trading on Friday!

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

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