OPTIONSMART MORNING UPDATE: Catalysts needed

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OPTIONSMART MORNING UPDATE: Catalysts needed

OPTIONSMART MORNING UPDATE: Catalysts needed

1. OUTLOOK: Strong earnings from a couple of industry bellwethers pushed the market solidly higher in broad-based fashion. However, more catalysts needed to push broad markets higher. The most recent candlestick indicates a neutral sentiment. Google is scheduled to report today. Google’s earnings are expected to show that the worst of the advertising slump has passed, and that the search engine is seeing a recovery in demand from advertisers. Upbeat sentiment about earnings lifted markets worldwide. QQQQ's implied volatility inched well below 52-week lows.

2. TRADING OPPORTUNITY: Buy semiconductor stocks on weakness

3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published in late October.

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!

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4. MOST RECENT QQQQ ENHANCED PORTFOLIO TRADE:

QQQQ Dec 39/41 Debit Call Spread:
Sold @1.56 on 10/14/09 with a 11.8% gain in 20 days! Learn more

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October 15th, 2009 at 7:52 am

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OPTIONSMART MORNING UPDATE: Catalysts needed

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!

QQQQ Dec 39/41 Debit Call Spread: Sold @1.56 on 10/14/09 with a 11.8% gain in 20 days! Learn more

QQQQ Dec 39/41 Debit Call Spread:
Sold @1.56 on 10/14/09 with a 11.8% gain in 20 days! Learn more