OPTIONSMART MORNING UPDATE: Shrugged off weak jobs report
August 21st, 2009 at 7:16 am|
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OPTIONSMART MORNING UPDATE: Shrugged off weak jobs report |
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1. OUTLOOK:The market was able to overcome an early weakness that stemmed from a disappointing jobs report. The mood among large traders improved after news that leading economic indicators increased 0.7% in July. Asian markets rebounded Thursday, reassuring investors after a plunge in China's main market Wednesday. The technical chart remains bullish. QQQQ's implied volatility dipped to 52-week lows and this is a bullish sign. U.S.futures point to a higher open.
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2. TRADING OPPORTUNITY: n/a |
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