•  

  	OPTIONSMART MORNING UPDATE: Plunged on profit-taking and stronger dollar
  1. OUTLOOK: Investors are very nervous short term even though the prospects are positive long term. In fact, they were not impressed by the latest spate of better-than-expected quarterly results, including Microsoft and Amazon. said profit tumbled 30% as higher costs countered an increase in revenue from its strong wireless business. Nonetheless, earnings topped expectations. But shares slipped. QQQQ implied volatility inched higher on correction fears. The technical chart looks bearish in the short-term. The tech sector needs more time to gather momentum for the next upswing.
  2. TRADING OPPORTUNITY: n/a
  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.  WISDOM NUGGETS: Hope, fear and greed are not strategies: they are emotions. Simple emotions are not an effective strategy. Positive emotions could cause us to fail to apply riskprecautions.  Negative emotion could cause us to hesitate.    Trading is a psychological game. Most people think that they're playing against the market,but the market doesn't care. You're really playing against yourself.
  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 27th, 2009 at 1:53 am

Powered By GetResponse Email Marketing