OPTIONSMART MORNING UPDATE: Ignored positive economic data
August 27th, 2009 at 6:55 am|
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OPTIONSMART MORNING UPDATE: Ignored positive economic data |
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1. OUTLOOK: Despite strong new home sales data, stocks made another lackluster finish. The Nasdaq, on the other hand, continues to lag its counterparts as large-cap tech names like Apple and Google come under pressure. A revised reading on GDP is due today. The weekly jobless claims report is also on tap. After the close, tech bellwether Dell reports quarterly results. We don't think this report can ignite the tech sector. U.S futures point to a neutral open.
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2. TRADING OPPORTUNITY: n/a |
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE
WITH OUR PARTNER
BROKERAGES:
to be published in September.
MOST RECENT FREE TRADE: CSCO
Oct 19/21 Bullish Debit Call
Spread: Bought
@1.45 on 08/13/09 and sold @1.60 on 08/21/09 with
a 10.3% gain in 8
days!
HOW TO SET IT UP:
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4. Momentum Plays Most Recent Trades: INTC Oct 17/19 Debit Call Spread
Bought
@1.31 on 08/14/09 and sold @1.46 on 08/26/09 with
a 11% gain in 12
days!
MCD Sep 50/55 Debit Call Spread
Bought @4.20
on 07/28/09 and sold @4.65 on 08/25/09 with
a 11% gain in 27
days!
Learn more...
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5. SPECIAL OFFER: n/a Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!
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