•  

  	OPTIONSMART MORNING UPDATE: Plunged on profit-taking
  1. OUTLOOK: Stocks had been showing moderate weakness ahead of the opening bell, but jumped out to a strong gain in the early going. The market tumbled after influential analyst Richard Bove downgraded his rating on Wells Fargo. Besides, the market looks deeply overbought in the short-term and needs a correction. After the close Wednesday, eBay reported weaker earnings that topped estimates, but shares fell 5%. We expect more volatility later this week but downside is limited. U.S.futures point to a lower open.
  2. TRADING OPPORTUNITY: Buy dips
  3. OUR FREE QUARTERLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published in January. CURRENT OPEN POSITION: DIA Jan 95/98 debit call spread (bought @2.25 on 10/20/09, target 2.50) MOST RECENT CLOSED TRADE: 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!   Learn more and subscribe free..
  4. MOST RECENT "QQQQ ENHANCED PORTFOLIO" TRADE:  QQQQ Jan 41/43 Debit Call Spread: Sold @1.35 with a 11% gain in 5 days! Average 12% gain per trade (12 days long) with a 100% success ratio (68 of 68) since Jan 1, 2009 FYI: We have no plans to issue special offers or discounts for the "QQQQ Enhanced Portfolio" service by year-end. Don't miss a year-end rally. Subscribe today at regular prices.
  5. SPECIAL OFFER:Tap into QQQQ PIcks's remarkable win ratio -  97% (116 of 120) winners since 2003!  Save 10% on recurring subscriptions by entering coupon code AE74 during checkout (expires on October 30, 2009). New subscribers only.

  October 22nd, 2009 at 7:14 am

Powered By GetResponse Email Marketing