OPTIONSMART MORNING UPDATE: Catalysts needed
October 15th, 2009 at 7:52 am
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OPTIONSMART MORNING UPDATE: Catalysts needed |
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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. |
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2. TRADING OPPORTUNITY: Buy semiconductor stocks on weakness |
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