Vix Remains Low

  • May 25, 2001
  • Dave Landry

Once again, much of technology still looks
interesting. However, I’m still concerned about the low Vix readings. Therefore,
don’t overstay your welcome.

Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), mentioned Thursday,
still looks like it has the potential to resume its strong uptrend out of a
pullback.

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Internet
(
$DOT.X |
Quote |
Chart |
News |
PowerRating),
mentioned Thursday night, still looks like it has the potential to rally out of
a high-level cup and handle. Look for a buying opportunity here in puts and put
spreads.

src=”https://tradingmarkets.com/media/images/Landry4/dot052501.gif” width=”470″ height=”320″>

Gold and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
appears to have stabilized in its pullback and looks poised to resume its strong
uptrend. Look for buying opportunities in calls and call spreads here.

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For you OEX
traders, the VIX continues to have very low readings. Continue to look buying opportunities in puts
and put spreads here.

src=”https://tradingmarkets.com/media/images/Landry4/vix052501.gif” width=”470″ height=”320″>

Best of
luck with your trading on Tuesday! 

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

P.P.S. ENJOY YOUR HOLIDAY!

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