• 	OPTIONSMART MORNING UPDATE: Looking for a catalyst to extend rally
  1. OUTLOOK: Follow-through buying in the tech sector helped offset weakness among financials. Nokia posted in-line earnings, but expects 2009 industry volumes to decline approximately 10% from 2008 levels. IBM and Google were able to garner support of their own. Both companies reported their latest quarterly results after the closing bell. Guggle's revenue growth was meager due to slowing ad sales and profit growth was largely a result of cost cutting. It's shares fell 3% after hours. IBM beat earnings estimates on lower revenue that missed analysts forecasts. Its shares gained 3% in after-hours trading. market players have been pleasantly surprised by the earnings so far, but we still have a lot of reports ahead.
  2. TRADING OPPORTUNITY: n/a
  3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH OUR PARTNER BROKERAGES: to be published  in August. OUR FREE PICK IN JULY: QQQQ Aug 33/35 Debit Call Spread: Bought @1.49 on 07/14/09 and sold @1.65 on 07/15/09 with a 11% gain in one day! "Free Picks" Track Record
  4. WISDOM NUGGETS: Don't be a hero. Don't fight the trend. Follow the money flow.
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  July 17th, 2009 at 4:51 am

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