OPTIONSMART MORNING UPDATE: Got a boost from semiconductors

June 10th, 2009 at 3:11 am

OPTIONSMART MORNING UPDATE: Got a boost from semiconductors

1. OUTLOOK: Semiconductor stocks were able to finish markedly higher. Their upward move came after Texas Instruments raised its second quarter forecast. That announcement came just one week after the chief executive from Applied Materials made pessimistic comments about the semiconductor industry. Market breadth was positive. On the Nasdaq, advancers topped decliners eight to five. Today's afternoon brings a report on the May treasury budget and also the Federal Reserve's "Beige Book" reading on economic activity. The technical chart looks buliish in the near-term. U.S.Futures point to a higher open.

QQQQ chart

2. OUR YESTERDAY'S  "QQQQ ENHANCED PORDFOLIO" TRADES:

QQQQ June 32/34 Debit Call Spread

Bought @1.35 on 06/03/09 and sold @1.53 on 06/09/09 with a 13.3% gain in 7 days! 

QQQQ June 32/34 Debit Call Spread

Bought @1.37 on 0602/09 and sold @1.53 on 06/09/09 with a 11.7% gain in 7 days!
 
Learn more about this service.


Why QQQQ Enhanced Portfolio

  • more diversified (includes not only QQQQ option spreads)
  • individually designed (we email portfolio management recommendations)
  • more frequent (5-6 per month) "high momentum" picks
  • average 12% gain in 12 days 

Learn more about the QQQQ Enhanced Portfolio service!

3. TRADING OPPORTUNITY:  Buy QQQQ on weakness.
4. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER BROKERAGES: to be published  in June.
Our most recent FREE pick has delivered a nice 11% gain just in 8 days!  It is absolutely free.
Open your brokerage account, select OptionSmart as an newsletter publisher and Free Picks as a service. You will have our free monthly pick auto-traded. That's it!   

5. 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.

6. SPECIAL OFFER: n/a

Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!

 RSS  Updates Archive

    Email Marketing by GetResponse