OPTIONSMART MORNING UPDATE: Sunday Edition

May 31st, 2009 at 8:43 am

OPTIONSMART MORNING UPDATE: Sunday Edition

1. OUTLOOK:  The economic outlook is still unclear and the bankruptcy of a major American business icon looming large. GM is expected to file Chapter 11. Besides, investors are nervous about growing turmoil in the bond market and a weakened U.S. dollar. Buyers could step in but want to get a clearer picture on the economy. Economic indicators due next week include, among other things, a closely watched manufacturing index on Monday and the jobs report Friday. Stocks are likely to remain rangebound until a significant catalyst comes along to provide direction one way or the other.

QQQQ chart

 

3. OUR MOST RECENT "QQQQ ENHANCED PORTFOLIO" TRADES:

FXI Jun 32/35 Debit Call Spread:  Bought @2.05 on 05/18/09 and sold @2.33 on 05/28/09 with a 13.7% gain in 10 days!

QQQQ June 32/34 Debit Call Spread: Bought @1.44 on 05/04/09 and sold @1.60 on 05/27/09 with a 11.1% gain in 23 days!
QQQQ Enhanced Portfolio is our premium blend of QQQQ, ETF and "high momentum" individual stock picks, purposely mixed to offer our preferred members the perfect balance of risk and return. 

It works like a virtual hedge fund. Unlike in a regular hedge fund, your money is NOT transferred anywhere from your brokerage account (you just select recommended auto-trading settings and adjust them from time to timefollowing our email recommendations). Besides, you can take as much risk as you want and change your risk exposure at any time. There is no double taxation of your profits.

Why QQQQ Enhanced Portfolio

  • more diversified (includes not only QQQQ option spreads)
  • individually designed (we email portfolio management recommendations)
  • more frequent (5-6 per month) "high momentum" picks
  • average gain 12% in 12 days

Learn more about our "QQQQ Enhanced Portfolio" service! 

4. TRADING OPPORTUNITY: N/a

5. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER BROKERAGES: to be published  in June.
Our most recent FREE pick has delivered a nice 11% gain just in 8 days!  It is absolutely free. Open your brokerage account, select OptionSmart as an newsletter publisher and Free Picks as a service. You will have our free monthly pick auto-traded. That's it!  You will like it and switch to our paid service very soon...

6. WISDOM NUGGETS:

Losses are a simple cost of doing business. Don't try to justify a bad trade by convincing yourself that it will sooner or later turn into a good trade. Accept losses easily!  Successful traders are able to ride through downturn periods. The confidence in their methods reassures them about their future success.  
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. 

7. SPECIAL OFFER: Subscribe to our "QQQQ Enhanced Portfolio" and save 25% on recurring subscriptions by entering coupon code  1F44 during checkout (expires today, May 31, 2009). New subscribers only. 

Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!

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