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  	OPTIONSMART MORNING UPDATE: Bouncing back
  1. OUTLOOK: A strong report on economic growth in Q3 reassured investors that the recovery is on track. Telecom lagged as integrated telcos (-0.1%) offset strength in Motorola, which posted better-than-expected Q3 earnings and issued an upside forecast. KLA-Tencor beat estimates and reported gross margin 50.0% vs 48.5% consensus. QQQQ's implied volatilty plunged as large traders dumped protective puts. The technical chart looks very bullish.
  2. TRADING OPPORTUNITY:  n/a
  3. OUR FREE QUARTERLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published in January. CURRENT OPEN POSITION: DIA Jan 95/98 debit call spread (bought @2.25 on 10/20/09, target 2.50) MOST RECENT CLOSED TRADE: SPY Oct 95/98 Bullish Debit Call Spread: Bought @2.10 on 09/02/09 and sold @2.31 on 09/04/09 with a 11% gain just in two days!   Learn more and subscribe free..
  4.  WISDOM NUGGETS: Think in terms of probabilities and act upon them.There are no certainties in trading. You can keep yourself out of trouble by thinking in terms of probabilities. Get comfortable with approximate predictions and interpretations.
  5. SPECIAL OFFER: n/a

  October 30th, 2009 at 3:59 am

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