OPTIONSMART MORNING UPDATE: Bullish sentiment still prevails
September 11th, 2009 at 7:22 am|
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OPTIONSMART MORNING UPDATE: Bullish sentiment still prevails |
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1. OUTLOOK: From a technical point of view the NASDAQ index broke out the major resistance. The bullish bias remained intact into the close. An upside forecast from semiconductor outfit Texas Instruments also had a positive impact. The company said that analog remains the biggest driver of growth and that earnings are benefitting from higher revenue and higher capacity utilization. National Semi reported better-than-expected earnings. Large-cap tech stocks showed strength. U.S. futures point to a higher open.
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2. TRADING OPPORTUNITY: n/a |
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