• 	OPTIONSMART MORNING UPDATE: Lifted by strong economic data
  1. OUTLOOK: Despite the overall positive nature of the data, stocks ran into a flurry of selling pressure in early going. However, the dip was short-lived. Market players paid little attention to news that July business inventories fell a slightly steeper-than-expected and Fed Chairman Bernanke's statement that the recession is very likely over. August retail sales rose 2.7%. Materials stocks attracted plenty of interest. The sector climbed 2.3% to finish with the best gains of any major sector. Best Buy posted worse-than-expected earnings and bright outlook. QQQQ's implied volatility dropped below 52-week lows. This confirms that bullish sentiment still prevails. U.S. futures point to a higher 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: n/a
  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
  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.
  5. SPECIAL  OFFER:  n/a Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!

  September 16th, 2009 at 8:53 am

Powered By GetResponse Email Marketing