OPTIONSMART MORNING UPDATE: Runs out of gas
-
August 5th, 2009 at 7:31 am
OPTIONSMART MORNING UPDATE: Runs out of gas
1. OUTLOOK: The tech sector started the session on a negative note as large traders were left largely unimpressed by the latest earnings announcements. However, a much better-than-expected monthly increase for June pending home sales lifted stocks. NASDAQ ended at its highest point since Oct. 1. After such a big run, stocks could see a short-term pullback before moving higher. Worries about Friday's jobs report could provide a catalyst for some selling today or tomorrow. Cisco's fourth quarter results will be released after hours today. The company likely will offer some good news but could disappoint investors. The market expectations are too high.
2. TRADING OPPORTUNITY: n/a
3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH OUR PARTNER BROKERAGES: to be published in Aug.Our most recent Free Pick: QQQQ Sep 34/36 Debit Call Spread: Bought @1.32 on 06/22/09 and sold @1.46 on 07/16/09 with a 10.6% in 24 days!4. QQQQ Enhanced Portfolio
Our most recent trade: MSFT Sep 20/23 debit call spread- bought @2.29 on 7/24/09 and sold @2.53 on 7/30/09 with a 10,5% gain in 6 days!
Open the 2009 QQQQ Enhanced Portfolio Performance with a 100% (55 of 55) and a total 246% portfolio gain in 7 months! More..
5. SPECIAL OFFER: n/a
Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!
Powered By GetResponse Email Marketing