• 	OPTIONSMART MORNING UPDATE: Formed a bearish pattern
  1. OUTLOOK: The market was unable to hold gains. Financials were the worst performing major sector. Materials stocks finished not far behind financials. Telecom steadily outperformed for the entire session. Seagate (STX) was upgraded at Deutsche Bank. Intel's management expects '09 PC units to be flat to up slightly Y/Y, with low-teens Y/Y growth expected to follow in '10. The Wall Street Journal reports South Korea's government Wednesday decided to allow the sale of Apple's iPhone. Thursday brings the weekly jobless claims report from the Labor Department and the existing home sales. U.S. futures point to a lower open. Interested in more frequent updates? Follow OptionSmart on Twitter! You will receive: real-time market updates, "ready-to-move" stocks notifications, detailed technical charts, pre-market comments from our leading analysts, trading alerts and more...  Register free!
  2. TRADING OPPORTUNITY: none
  3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER 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!   Free Picks Track Record
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  September 24th, 2009 at 5:32 am

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