Good Drugs

Drugs ($DRG.X | Quote | Chart | News | PowerRating) and healthcare ($HCX.X | Quote | Chart | News | PowerRating) look poised to continue their uptrends out of a high level base. Continue to look for buying opportunities in calls and call spreads here.

Many defense issues listed in the on the  Pullbacks Off Highs List look like they have the potential to resume their uptrends. Look for buying opportunities in calls and call spreads here.

Looking Ahead

Many sectors such as retail, broker/dealer and biotech will likely set up soon. Provided of course, they continue their uptrends from lows and have orderly corrections.

Best of luck with your trading on Monday!

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