OPTIONSMART MORNING UPDATE: Pared losses into the close
June 11th, 2009 at 7:02 am|
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OPTIONSMART MORNING
UPDATE: Pared losses into the close |
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1. OUTLOOK: Investors concern that rising oil prices and higher borrowing costs associated with rising Treasury yields could limit any recovery effort. Intel shrugged off negative coments and managed to erase intra-day losses. Large traders kick in buy programs at around 3:15 each day, with money getting put to work on down days.It is a bullish sign. U.S.Futures point to a higher open. 
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Jul 33/35 Debit Call SpreadBought @1.53 on 06/03/09 and sold @1.68 on 06/10/09
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3. TRADING
OPPORTUNITY: None.
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4. OUR FREE MONTHLY TRADING RECOMMENDATION
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to be
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5. WISDOM NUGGETS: Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers. |
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