OPTIONSMART MORNING UPDATE: Sunday Edition
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August 1st, 2009 at 12:59 pm
OPTIONSMART MORNING UPDATE: Sunday Edition
1. OUTLOOK: The GDP report showed the pace of the recession is slowing. Stocks have been surging as investors have reacted positively to quarterly results and economic news that have been better than forecast, but still not strong. Apple has been asked by federal regulators to explain why it won't allow Google's voice application to run on the iPhone. It looks like positive news are already priced in. The technical chart indicates that the market runs out of gas. It wouldn't be unreasonable to see a mild correction later this month.
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% success ratio (55 of 55) and a total 246% gain in 7 months!
5. SPECIAL OFFER: n/a
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