VIX Implodes

  • June 21, 2001
  • Dave Landry

Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating)
has begun to rally from lows. Begin watching for buying opportunities in puts
and put spreads here 

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For you OEX
traders, the VIX imploded to near levels not seen since September of 2000. Begin
watching for buying opportunities in puts and put spreads here. 

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Looking
Ahead/Random Thoughts/Follow Up

The major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, are approaching their old highs. This may
be a good time to lock in a piece of your profits.

Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating)
will likely set up on the short side on the first bounce.

Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating)
has begun to bounce and will likely set up on the short side over the next few
days.

Best of
luck with your trading on Friday!

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

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