•  

  	OPTIONSMART MORNING UPDATE: Erased early gains
  1. OUTLOOK: Investors were largely focused on the latest FOMC policy statement, which was released midafternoon. The statement was met with a volatile response. After hours, Cisco posted a stronger-than-expected profit and said business was recovering as customers are buying more network equipment again. Chief Executive John Chambers said the company was now looking to hire more workers as business picks up and it looks to gain market share against rivals. Cisco shares gained 4% in extended-hours trading. U.S.futures point to aneutral open. .
  2. TRADING OPPORTUNITY:  n/a
  3. OUR FREE QUARTERLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published in January. CURRENT OPEN POSITION: DIA Jan 95/98 debit call spread (bought @2.25 on 10/20/09, target 2.50) MOST RECENT CLOSED TRADE: 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! Learn more and subscribe free..
  4.  WISDOM NUGGETS: Some traders consider trading as a sort of gambling. Without planning and calculations, they throw money at the market. They should distance themselves from gambling behavior. Why a scientific approach is applicable? Markets echo similar patterns over and over again. It allows identify reliable trends and select good trading vehicles.
  5. SPECIAL OFFER:  Learn more about our services and special offers!

  November 5th, 2009 at 6:44 am

Powered By GetResponse Email Marketing