Technology Set Up For Puts
Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, rallied on Monday but still looks vulnerable. Continue to look for buying opportunities in puts
and put spreads here on any follow through to the downside.
Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks poised to resume its downtrend
out of a pullback from lows. Continue to look for buying opportunities in puts and put spreads here.
The Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) are pulling back
into a big picture topping formation. Watch for buying opportunities in puts and
put spreads here on a reversal back to the downside.
Looking Ahead
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) has returned to the
bottom of its recent range. If it breaks through to the downside, it may set up
shorts over the next few days.
Best of
luck with your trading on Tuesday!
P.S. Reminder:
Protective stops on every trade!