OPTIONSMART MORNING UPDATE: Dipped on weak data

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OPTIONSMART MORNING UPDATE: Dipped on weak data

OPTIONSMART MORNING UPDATE: Dipped on weak data

1. OUTLOOK: Disappointing reports from Coca-Cola and DuPont, a weaker-than-expected housing market report gave the reason to retreat. After the close, Yahoo reported higher earnings and weaker revenue. Nevertheless, Dow managed to stay above 10,000. On the Nasdaq, decliners topped advancers by over two to one. QQQQ's implied volatility slipped below 52-week low as bullish sentiment prevails and large traders bet on the uptrend. U.S.futures point to a lower open.

2. TRADING OPPORTUNITY: n/a

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October 21st, 2009 at 8:40 am

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