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  OPTIONSMART MORNING UPDATE: Surging on strong earnings

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    OPTIONSMART MORNING UPDATE: Surging on strong earnings

    1. OUTLOOK: Apple beat estimates after the close, thanks to strong sales of Mac computers and iPhones. Shares jumped 9% after hours. Texas Instruments also reported results after the close. The chipmaker reported weaker quarterly earnings and revenue that topped estimates. Shares gained 3% in after-hours trading. Bullish sentiment prevails. More upside seen. U.S.futures point to a higher open. 

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    2. TRADING OPPORTUNITY: n/a

    3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published  in late October.
     

    4. WISDOM NUGGETS:  Some traders consider trading as a sort of gambling. Without planning and calculations, they throw money at the market. They should distance themselves from gambling behavior. Why a scientific approach is applicable? Markets echo similar patterns over and over again.  

    5. SPECIAL OFFER: n/a

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    October 20th, 2009 at 7:33 am

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