Vix Getting Stretched
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
still looks poised to
resume its downtrend out of a pullback from lows. Look for buying opportunities
in puts and puts spreads here but wait for signs of a reversal as it did close
well on Wednesday.
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) looks poised to
resume its meltdown out of a pullback from lows. Look for buying opportunities
in puts and put spreads here.
The major oils
(
$XOI.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still appear to be stalling out in their retracement from lows.
Continue to look
for buying opportunities in puts and put spreads here.
Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, appears to be resuming its strong downtrend. Look for buying
opportunities in puts and put spreads here.
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
still looks like it might have one more trip to its old lows left in it.
Continue to look for buying opportunities in
puts and put spreads here.
For you OEX
traders, the VIX is beginning to get stretched away from its moving average.
Begin watching for buying opportunities in puts and put spreads here.
Best of
luck with your trading on Thursday!
P.S. Reminder:
Protective stops on every trade!