OPTIONSMART MORNING UPDATE: Gained Momentum

November 10th, 2009 at 7:14 am

 

OPTIONSMART MORNING UPDATE: Gained Momentum

1. OUTLOOK. Financial and commodity-related shares led the advance. The Group of 20 said over the weekend that it would keep economic stimulus in place. Large traders had been holding out for the S&P 500 to cross 1,060, viewing the level as a signal it was safe to re-enter the market. There are investors on the sideline viewing this as an opportunity to get in.On the Nasdaq, advancers topped decliners almost two to one on volume of 1.2 billion shares.QQQQ's implied volatility fell to 52-week lows. 

.QQQQ chart

Twitter

2. TRADING OPPORTUNITY:  n/a

3. OUR FREE QUARTERLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published in Q1 2010.
CURRENT OPEN POSITION: None
MOST RECENT CLOSED TRADE:

4. NOTICE TO FREE PICKS SUBSCRIBERS

The year-end rally is about to begin!  In the same time, we
can't afford to publish our Free Picks more often than once a quarter.
Hence, you will receive our next Free Pick in March 2010.

Don't miss winning trades and upgrade your Free Picks subscription to our
QQQQ Picks today (see Special Offer below)!  We target a 14% return per month-long trades and have maintained this level of performance since 2003.

5. SPECIAL OFFER: Subscribe to our QQQQ Picks and save 10% on recurring subscriptions by entering coupon code B59E during checkout (expires on November 15th, 2009). New subscribers only. 

 Learn more about our services and special offers!

 RSS  Updates Archive

    Email Marketing by GetResponse