Will Software Crash?
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
appears to be setting up for yet another leg lower. Look for buying
opportunities in puts and put spreads here.
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating)
is setting up as a low volatility situation. Although these setups can have
large moves in either direction, the trend suggests the move will be down.
Therefore, look for buying opportunities in put and put spreads here.
Broker/dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) appears
to be setting up as an inverted cup and handle. Look for buying opportunities in
puts and put spreads here.
Best of
luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!