OPTIONSMART MORNING UPDATE: Bouncing after upbeat Fed outlook

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OPTIONSMART MORNING UPDATE: Bouncing after upbeat Fed outlook

OPTIONSMART MORNING UPDATE: Bouncing after upbeat Fed outlook

1. OUTLOOK: The Fed reinforced what investors already knew. Large-cap tech stocks garnered support following better-than-expected earnings and strong guidance from Applied Materials. July retail sales are due this morning as well as the weekly jobless claims report, readings on July import and export prices and June business inventories. We believe the reports will stay in tune with the recent data. U.S.futures point to a higher open. European and Asian markets on the rise.

QQQQ chart

2. TRADING OPPORTUNITY: n/a

3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH OUR PARTNER BROKERAGES: to be published in Aug.

Our most recent Free Pick: QQQQ Sep 34/36 Debit Call Spread: Bought @1.32 on 06/22/09 and sold @1.46 on 07/16/09 with a 10.6% in 24 days!

Free Picks Track Record

4. QQQQ Enhanced Portfolio Most Recent Trade:

QQQQ Oct 37/39 Debit Call Spread

Bought @1.30 on 8/11/09 and sold @1.44 on 8/12/09 with a 11% gain in one day!

Learn more about this service with a 10% average gain per week-long trade (56 of 56 in 2009)!

5. SPECIAL OFFER: n/a

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August 13th, 2009 at 7:11 am

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