OPTIONSMART MORNING UPDATE: Shrugged off negative news
October 16th, 2009 at 5:18 am
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OPTIONSMART MORNING UPDATE: Shrugged off negative news |
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1. OUTLOOK: Weakness in the financial sector weighed on the broader market for the entire session. The late lift was led by the energy sector. Stifel Nicolaus raised their HPQ target to $58 from $52. Novellus upgraded to Buy at Citigroup. Western Digital downgraded to Hold at Stifel Nicolaus. The market managed to erase intra-day losses. It is a bullish sign. Besides, QQQQ's implied volatility slipped further as large traders dumped protective puts. 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-TRADABLE WITH
PARTICIPATING BROKERAGES:
to be published in late
October.
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4. WISDOM NUGGETS: The markets offer endless and plentiful possibilities. Missed opportunities exist only in your mind. Prices keep changing and generate other opportunities. The goal of trading is make a net profit after a sequence of trades. It is, therefore, necessary to accept some losses and to look forward without punishing oneself. |
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5. SPECIAL OFFER: n/a Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!
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