Not too many trades triggering today. I am looking for longs in the Technology sector. It seems to be one of the only eleven sectors that is holding up somewhat. Four of the other sectors are in a holding pattern - more neutral than anything - Communications, Discretionary, Industrials, and Materials. I will be looking there first for longs in an eventual turnaround.
Financials and Healthcare look HORRIBLE. One of my three options plays today is in Insurance Category in Financials.
All three picks are Diagonal Spreads. Expiration is next Friday and there’s just not enough time and/or juice left in any other sort of spread. Sometimes those can be expensive. Remember to position size for max loss.
-Good Luck and Happy Trading
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