OPTIONSMART MORNING UPDATE: Sunday Edition

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OPTIONSMART MORNING UPDATE: Sunday Edition

OPTIONSMART MORNING UPDATE: Sunday Edition

1. OUTLOOK: Investors welcomed a report showing that the pace of job losses is starting to slow, but showed caution after the market's recent advance.The initial lift took the market to fresh highs, but listless trading left stocks to fluctuate in a relatively narrow range for the rest of the session.Semiconductor stocks also showed weakness after the Semiconductor Association forecast a 21% year-over-year decline in 2009 worldwide sales. That caused Intel to trade lower and weigh on the Nasdaq Composite. Apple plans to introduce a lower-cost version of its iPhone as soon as Monday. QQQQ's implied volatility inched lower. The technical chart (below) indicates that a bullish sentiment still prevails.

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June 7th, 2009 at 7:58 am

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