OPTIONSMART MORNING UPDATE: Posted healthy gains
September 10th, 2009 at 9:01 am|
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OPTIONSMART MORNING UPDATE: Posted healthy gains |
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1. OUTLOOK: The market shrugged off a disappointing Fed Beige Book commentary and pushed stocks broadly higher into the close. Industrial stocks showed leadership for the entire session. Thanks to a late rebound by the broader market, energy and materials stocks were able to close with strength. Apple's CEO Steve Jobs announced a new version of iTunes. However, the shares closed 1% lower. Market breadth was positive. On the Nasdaq, advancers beat decliners by over two to one. QQQQ's implied volatility slipped to 52-week lows. U.S. futures point to a higher open.
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2. TRADING OPPORTUNITY: n/a |
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE
WITH OUR PARTNER
BROKERAGES:
to be published in late October.
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4. MOST RECENT QQQQ PICKS TRADES: Q3Sep 35/37 Bullish Debit Call Spread
Bought @1.32 on
06/09/09 as a Q2Jun 35/37 Debit Call Spread, rolled for
0.40 on 07/08/09 and sold @1.93 on 09/09/09 with
a 12%
gain in 91 days!
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