OPTIONSMART MORNING UPDATE: Sunday Edition
September 26th, 2009 at 1:58 pm|
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OPTIONSMART MORNING UPDATE: Sunday Edition |
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1. OUTLOOK: Weaker-than-expected reports on durable goods orders and new home sales sparked concerns about the strength of any recovery. In fact, the market looks for a catalyst to move either direction. Research in Motion slumped 17% after better-than-expected earnings. HPQ finished higher after the giant said that the IT industry will return to growth next year and that the company will outpace the rest of the market. QQQQ's implied volatility little changed. The next week brings key reports on jobs, manufacturing and housing. The bottom line is the the economic data and fundamentals have to support the recent advance. A negative response to the Fed's latest announcement and weaker-than-expected reports on housing and durable goods orders raised concerns. Stocks face a wild ride ahead. |
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2. TRADING OPPORTUNITY: none |
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE
WITH OUR PARTNER
BROKERAGES:
to be published in late October.
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