OPTIONSMART MORNING UPDATE: Lacking a catalyst
August 11th, 2009 at 2:11 am|
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OPTIONSMART MORNING UPDATE: Lacking a catalyst |
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1. OUTLOOK: Trading volume was light this session. The market was a bit weaker Monday. Major tech players were under water. CSCO was down 2.5%. But in general, the trend likely remains up for the time being. The Fed concludes its two-day policy meeting tomorrow. The central bank is expected to hold rates steady near zero.
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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 Aug.
Our most recent Free Pick: QQQQ Sep
34/36 Debit Call Spread: Bought @1.32 on 06/22/09 and
sold @1.46 on 07/16/09 with a 10.6% in 24
days!
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4. 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. |
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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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