Tech Still Set Up For Puts

  • March 8, 2001
  • Dave Landry

Tonight’s
commentary (Thursday) is essentially a repeat
from Wednesday: Many sectors, especially technology, appear to be resuming
their downtrends.

Technology in general
(
$PSE.X |
Quote |
Chart |
News |
PowerRating) still
looks poised to resume its downtrend. Look for buying opportunities in puts and
put spreads here.

Broadband
(
BDH |
Quote |
Chart |
News |
PowerRating) appears to be resuming its strong downtrend. Look for buying
opportunities in puts and put spreads here.

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

Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks vulnerable. Continue to look for buying opportunities in puts and put spreads here.

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Broker/Dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be resuming its downtrend.
Look for buying opportunities in puts and put spreads here.

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Looking Ahead

The major oils
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) are back to
their old highs. They may set up early next week as a pullback.

Best of
luck with your trading on Friday!

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

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