•  

  	OPTIONSMART MORNING UPDATE: Extended losses on profit-taking
  1. OUTLOOK: Despite IBM's strength, many large-cap tech stocks plunged following downside guidance from Internet search engine Baidu. A surprisingly weak reading on consumer confidence weigh on the market. However, the upward momentum is still significant. Notably, QQQQ's implied volatility little changed. This pullback is expected to be short-lived.
  2. TRADING OPPORTUNITY:  Buy dips
  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: Bottoms take longer to shape than tops. Greed acts more quickly than fear and pushes stocks to drop from their own weight.
  5. SPECIAL OFFER:Tap into QQQQ PIcks's remarkable win ratio -  97% (116 of 120) winners since 2003!  Save 10% on recurring subscriptions by entering coupon code 1141 during checkout (expires on October 30, 2009). New subscribers only.

  October 27th, 2009 at 8:20 pm

Powered By GetResponse Email Marketing