• 	OPTIONSMART MORNING UPDATE: Sunday Edition
  1. OUTLOOK: The market took a breather. An upbeat forecast from global shipment company FedEx provided support for industrial sector. The University of Michigan released a stronger-than-expected preliminary consumer sentiment survey for September that came in at 70.2. This week’s advance has been fueled by light trading volume, suggesting investors are reluctant to commit. Market breadth was mixed. On the Nasdaq, decliners topped advancers three to two. However, QQQQ’s implied volatility remains on the very low level. This indicates that bullish sentiment still prevails.   The next week is likely to be a competition between better economic news for August and the start of the quarterly pre-announcement period. After the close Wednesday, Oracle is expected to report quarterly earnings of 30 cents per share, versus 29 cents a year ago. We don't think this stock is capable to lift the tech sector.  Interested in more frequent updates? Follow OptionSmart on Twitter! You will receive: real-time market updates, "ready-to-move" stocks notifications, detailed technical charts, pre-market comments from our leading analysts, trading alerts and more...  Register free!
  2. TRADING OPPORTUNITY: n/a
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  September 13th, 2009 at 3:53 am

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