OPTIONSMART MORNING UPDATE: Bullish sentiment still prevails
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September 11th, 2009 at 7:22 am
OPTIONSMART MORNING UPDATE: Bullish sentiment still prevails
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.
2. TRADING OPPORTUNITY: n/a
3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER BROKERAGES: to be published in late October.4. QQQ ENHANCED PORTFOLIO: LOW-RISK AND OUTSTANDING PERFORMANCE
The 62nd Profitable Trade in a Row since Jan 2009! Average 10% gain per two-week trade:
5. SPECIAL OFFER: N/a
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