OPTIONSMART MORNING UPDATE: Looking for direction

October 13th, 2009 at 7:35 am

 

OPTIONSMART MORNING UPDATE: Looking for direction

1. OUTLOOK:  Stocks had posted bigger gains in early trading but lost steam as the session wore on. Cisco, Hewlett-Packard and Dell were among the big tech decliners. The reason is that Intel is scheduled to report earnings today. Its outlook is extremely important. However, the market is likely to continue to avoid a big selloff, as many people remain underinvested, with plenty of cash on the sidelines and no better place to put in than in stocks. U.S. futures point to a lower open.

QQQQ chart

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2. TRADING OPPORTUNITY: Buy semiconductor stocks on weakness

3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published  in late October.
 

4. MOST RECENT QQQQ ENHANCED PORTFOLIO & QQQQ PICKS TRADES:

QQQQ Nov 39/41 Debit Call Spread

Sold @1.62 on 10/12/09 with a 10% gain in 17 days!

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Sold @1.55 on 10/08/09 (bought @1.40 on 10/02/09) with a 11% gain in 6 days!

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When advances in technology reduced brokerage commissions, execution time and the minimum required investment, the new option trading technique became available to an audience of innovative retail investors.
  1. You don't need to put your entire capital at risk. Use only a small fraction. Keep the rest in risk-free bonds. Option trading gives you exciting leverage along with a possibility to capture profits from underlying stock price movements.
  2. You avoid "dead money" situations and the necessity to invest for a long time. We bet on short-term stock price changes that are, naturally, much more predictable. Therefore, you can reduce your market exposure any time you want.
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  4. You make your bets on quite foreseeable short-term trends established by large traders. We recognize these trends and show you how to benefit from this knowledge. The point is that large traders use program trading technology and all their market power to support these trends. It would be naive to ignore this real fact of life and believe that stocks are driven only by technicals and fundamentals.
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