OPTIONSMART MORNING UPDATE: Sunday Edition
August 22nd, 2009 at 12:47 pm|
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OPTIONSMART MORNING UPDATE: Sunday Edition |
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1. OUTLOOK: The surprisingly strong report helped drive the market to its best single-session percentage gain this month. Stocks surged after Bernanke said the economy is near a recovery. That optimism is likely to sustain gains in the short term. Kaufman raised their Salesforce.com (CRM) target to $52 from $50 following the company's better-than-expected July qtr and guidance. The QQQQ technical chart approached resistance at 40.25 and needs more reasons to move higher.
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2. TRADING OPPORTUNITY: n/a |
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE
WITH OUR PARTNER
BROKERAGES:
to be published in September.
CSCO Oct 19/21 Bullish Debit Call Spread: Bought @1.45 on 08/13/09 and sold @1.60 on 08/21/09 with a 10.3% gain in 8 days! Join free!Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services today and get a 10% on recurring subscriptions! More details below. |
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4. HOW WE MADE MONEY FROM THE LAST WEEK'S MARKET UPTURN: QQQQ ENHANCED PORTFOLIO QQQQ Oct 37/39 Debit Call Spread: Bought @1.3565 on 08/14/09 and sold @1.50 on 08/21/09 with a 10.6% gain in 7 days!QQQQ PICKS Q3Sep 38/40 Debit Call Spread: Bought @1.22 on 07/31/09 and sold @1.36 on 08/21/09 with a 11.5% gain in 21 days!MOMENTUM PLAYS MSFT Sep 21/23 Debit Call Spread: Bought @1.58 on 7/28/09 and sold @1.80 on 8/21/09 with a 14% gain in 24 days! |
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